Description: Early Insights from Financial Diaries of Smallholder Households

Early Insights from Financial Diaries of Smallholder Households

Renato and Hecinta are raising six young children in a rural area of Mozambique’s northern Nampula Province. On just half a hectare, they grow rice, maize, beans, cashew, peanuts, cabbage, and tomatoes, selling what they can and eating the rest. Bu...

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Bibliographic Details
Main Authors:	Anderson, Jamie, Ahmed, Wajiha
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	LIVING STANDARDS EMPLOYMENT RISKS VILLAGE LEADERS LANDHOLDINGS MOTIVATION FOOD_PRICES PRODUCTION LANDHOLDING SIZE FINANCIAL MANAGEMENT FOOD CONSUMPTION INCOME AGRICULTURAL PRODUCTION ACCESS TO IRRIGATION LIVESTOCK PRODUCTION GOVERNMENT REGULATION AGRICULTURAL DEVELOPMENT GDP PER CAPITA INFORMATION LIQUIDITY DEATH FOOD POLICY PORTFOLIO WELFARE PLANTING HEALTH HUNGER FUNDS INPUTS ASSOCIATIONS PAYMENTS WEALTH RURAL POOR ROSCAS SMALL FARMS HOUSEHOLD DEMOGRAPHICS TRENDS FERTILIZERS POVERTY REDUCTION KNOWLEDGE DEVELOPMENT SAVINGS CASH CROPS COMMERCIAL BANK RURAL INCOME MONEY PRODUCTS TRANSFERS RURAL INCOME GENERATION DEBT BARRIERS TO ENTRY HOUSEHOLD COMPOSITION MARKETS SMALLHOLDER AGRICULTURE HOUSEHOLD INCOME EMPLOYMENT INCOME RESEARCH INCOME LEVELS FARMING LIVESTOCK STANDARDS LABOR FARMERS SMALLHOLDERS CROPS FINANCE SMALLHOLDER FARMS CHECKING ACCOUNTS CONSUMPTION FARMLAND GOOD CROP AGRICULTURAL RESOURCES PESTS FAMILY VALUE RURAL AREA INCOME-GENERATING ACTIVITIES SMALLHOLDER HOUSEHOLDS CREDIT SMALLHOLDER WORKSHOP FINANCIAL INSTRUMENTS POST-HARVEST LOSS RURAL POVERTY AGRICULTURAL SECTOR AGRICULTURE CONSUMERS RURAL ASSETS ACCESS TO MARKETS AGRICULTURAL ACTIVITIES AGRICULTURAL INPUTS MANAGEMENT FOOD INSECURITY CONSUMPTION SMOOTHING GDP GOODS LAND INVESTMENT IRRIGATION RISK FARM INCOME SMOOTHING POVERTY FARMS INTEGRATION LABORERS FEED SUBSISTENCE FARMING HOUSEHOLD CONSUMPTION BORROWING HOUSEHOLD NEEDS LENDING LIVELIHOODS POOR AGRICULTURAL FOOD PRICES REMITTANCES CROP LOSS FINANCIAL SECTOR MONEY TRANSFERS PRICES PRODUCTION COSTS POOR HOUSEHOLDS
Online Access:	http://documents.worldbank.org/curated/en/2015/05/24447365/early-insights-financial-diaries-smallholder-households http://hdl.handle.net/10986/23498

Description
Summary:	Renato and Hecinta are raising six young children in a rural area of Mozambique’s northern Nampula Province. On just half a hectare, they grow rice, maize, beans, cashew, peanuts, cabbage, and tomatoes, selling what they can and eating the rest. But, like many of the 475 million smallholder household’s worldwide, agricultural production is just one of their many income-generating activities. They balance several sources of income, within and outside of agriculture, while juggling a range of family needs and using an equally diverse portfolio of financial tools. The Smallholder Diaries will provide a holistic picture of the financial lives of smallholder households not only as agricultural producers, but also as consumers, laborers, and off-farm entrepreneurs. The ultimate goal of this research is to translate the insights from the Smallholder Diaries into financial tools and provider practices that more effectively respond to the needs and preferences of this important client group. Drawing on initial data, this Focus Note shares early insights from the smallholder diaries, providing a first look at how smallholder households weave together agricultural and nonagricultural sources of income and employ a range of financial tools to meet their families’ needs. A nuanced picture of smallholder families will continue to emerge as more data are collected, with increasing focus on how they anticipate and manage risk, make household financial decisions, and leverage a range of financial tools.

Early Insights from Financial Diaries of Smallholder Households

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