A new Focus Note provides early insights into the Smallholder Households Financial Diaries project and highlights how smallholders weave together agricultural and nonagricultural sources of income to meet their needs.
How are smallholder families managing their money? What challenges do they face? What financial solutions can help? CGAP’s Financial Diaries with Smallholder Households ("Smallholder Diaries”) spent a year with 270 farming families in Mozambique, Tanzania, and Pakistan to find out.
Although Gideon, a participant in CGAP's financial diaries of smallholder families research, is technically a rice farmer, much of his income is comprised of income from other crops and and non-agricultural activities.
National surveys in Mozambique and Tanzania show that women in agriculture do not diversify their incomes as much as men do. Equal access to financial services could help women to generate new sources of income.
For many smallholders, "the hunger season," when little can be harvested, is the worst time of the year. What financial and other tools might help farmers to better endure the rainy, sick, and hungry months?