Title: Livestock-in-kind credit : helping the rural poor to invest and save
Abstract: Investment in livestock has been prominent among the many tools used by rural people in the developing world to reduce risk and alleviate poverty. Investments in livestock are also used to hedge against rapid inflation, as well as against unexpected natural disasters such as droughts and floods. The provision of livestock through inheritance or gifts has been a mainstay of most rural societies. As such, livestock owners use their animals either as a means of production, as capital, or both. In the absence of rural banking, such dual-purpose use of livestock, increases rural security. Some development networks are helping the rural poor to obtain livestock to increase the financial security of their households and help enterprising rural poor emerge from poverty. This strategy also provides appropriate safeguards against overstocking and prevention and/or mitigation of environmental risks.
Publication Year: 2001
Publication Date: 2001-04-30
Language: en
Type: article
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Cited By Count: 1
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