This paper explores the emerging articulations between microfinance and livestock production cycles among Mongolian pastoralists in contexts plagued by disaster and commodity market fluctuations. Ethnographic investigations of household production and vulnerability in two rural districts of eastern and western Mongolia demonstrates that both poor and wealthy households have become ensnared in a cashmere-debt cycle but that the bifurcation of livestock asset trajectories between large and small herds has also fostered diverse financial and herd management strategies that further exacerbate existing inequalities.
The research discussed in this paper was supported by funding from the National Science Foundation, the Wenner-Gren Foundation for Anthropological Research, the Taft Humanities Research Center and the University of Cincinnati. The author also expresses his appreciation to D. Chimedtseren and numerous others who assisted the data collection.
Murphy, D.J. (2018), "“
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