{"id":410877,"date":"2010-03-10T03:28:00","date_gmt":"2010-03-10T08:28:00","guid":{"rendered":"tag:blogger.com,1999:blog-1752027331714385066.post-8700423755978994613"},"modified":"2010-03-10T03:28:28","modified_gmt":"2010-03-10T08:28:28","slug":"mongolia-micro-finance","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/410877","title":{"rendered":"Mongolia Micro Finance"},"content":{"rendered":"
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It is always interesting to see a people still able to operate within the confines of their traditional life ways while also finding ways to modernize.  <\/span>Modernization has now become universal with a few holdouts such as the slave state of North Korea<\/st1:country-region><\/st1:place>.<\/o:p><\/span><\/div>\n
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When a nomad has a cell phone, he stops been a nomad.  <\/span>He is no longer constrained by illiteracy and the limitations of oral traditions.  <\/span>In practice, the moment a person obtains a cell phone he begins the development of his reading and writing skills naturally.<\/o:p><\/span><\/div>\n
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This continues to show us that the precepts of micro finance is now reaching into every place on earth.  <\/span>Combined with the persuasive penetration of the cell phone we have a system that provides modern support for every human being on earth, and it has happened over night in our lifetimes.<\/o:p><\/span><\/div>\n
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The understanding that all of Africa<\/st1:place> is now on the rising part of the S curve and also just about every where else that felt left out has allowed us to make a simple prediction.  <\/span>It is that by 2030 ninety percent of the globe will have a modern developing economy.  <\/span>Forget about all the problems and lack of infrastructure.  <\/span>The only thing that matters is communication and access to capital.  <\/span>The cell and micro finance not only partially solves these problems, it teaches people how to solve these problems.<\/o:p><\/span><\/div>\n
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It all also provides local organizing ability.  <\/span>This revolution is now happening from the ground up. <\/o:p><\/span><\/div>\n
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Kiva Stories from the Field: Mongolia goes green!!!<\/span><\/a><\/o:p><\/span><\/i><\/div>\n
MAR 2, 2010<\/o:p><\/span><\/i><\/div>\n
By Beth Ritchey, Kiva Fellows 10th Class, Ulaanbaatar<\/st1:city>, Mongolia<\/st1:country-region><\/st1:place><\/span><\/i><\/b><\/o:p><\/span><\/i><\/div>\n
Yes, it might be the dead of winter in Mongolia<\/st1:place><\/st1:country-region>, with temperatures hovering around -30 degrees Fahrenheit, but the loan products here have been turning green. Thanks to the hard work of the Eco Products Team at XacBank in Mongolia, Kiva lenders saw an introduction of 3 new types of personal consumption \u2018green loans\u2019 in December 2009:<\/o:p><\/span><\/i><\/div>\n