Did you know we live in a world where over 1.6 billion people are cut off from banking services and over 3 billion people lack documentation for their most valuable asset - land? These staggering numbers hold the key to a vast pool of value that lies dormant, outside the formal economy. Our guest this episode, Darius from Commonlands, is on a mission to change that. His journey from growing up in Silicon Valley, to founding a tech company, to launching a nonprofit in East Africa, and ultimately creating Commonlands, is as fascinating as it is inspiring.
Commonlands isn’t just about creating a trusted credit solution. It’s about redefining the concept of credit; credit that’s built by neighbors and backed by land. Darius takes us through their innovative Catalyst journey, the initiatives they have proposed, and their pilot project in northern Uganda. The project is unique in its approach, blending old and new by incorporating local chiefs who allocate land to people in the area, along with community banking and saving groups.
But the real magic, the game changer, is the underlying game theory that incentivizes the resolution of ownership disputes and boundary disputes. It’s about creating a win-win scenario that pushes for dispute resolution, backed by the Commonland's Development Trust.
CommonLands Website - https://www.commonlands.org/
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