From Microfinance to Mutual Aid-Moving Resources to People, Not Banks - Non Profit News | Nonprofit Quarterly
Briefly

The article explores the themes of community financial independence through the lens of the Brothers Grimm tale 'The Golden Goose.' This tale serves as a metaphor for traditional financial systems, which often trap communities in a cycle of debt. In contrast, initiatives like the Kelluwün-Rekulluwvn Mutual Aid in Chile showcase a model where community members collectively save and support each other, rooted in Indigenous knowledge and led predominantly by women. The piece suggests that as mutual aid models attract attention, particularly in the U.S., studying success stories like Kelluwün could reveal vital strategies for sustainable economic development.
The Golden Goose tale illustrates how traditional financial systems ensnare communities in debt, while emerging models like Kelluwün-Rekulluwvn show a shift towards community independence.
New paths for financial systems are emerging, especially in the Global South, where mutual aid initiatives like Kelluwün-Rekulluwvn empower communities by building local economies through collective efforts.
Kelluwün-Rekulluwvn Mutual Aid showcases how community-led financial models, primarily led by women, can alleviate dependence on traditional banks and foster sustainable development through Indigenous knowledge.
As mutual aid gains traction in the U.S., studying the Kelluwün model, which emphasizes collective savings and mutual support, could offer insights into building resilient local economies.
Read at Non Profit News | Nonprofit Quarterly
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