Shee, Apurba ORCID: 0000-0002-1836-9637 , Ndegwa, Michael ORCID: 0000-0001-6751-8259 , Turvey, Calum and You, Liangzhi (2023) Transforming food systems through risk contingent credit in rural Africa: development, experimentation, and evaluation. In: Breisinger, Clemens, Njuki, Jemimah, Mbuthia, Juneweenex and Keenan, Michael Robert, (eds.) Food Systems Transformation in Kenya: Lessons from the Past and Policy Options for the Future. International Food Policy Research Institute (IFPRI), George Washington University. ISBN 9780896294561; 0896294560

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Abstract

This chapter explores the development and evaluation of a market-based financial innovation, Risk-Contingent Credit (RCC), that can not only mitigate drought-related agricultural risks but also provide access to credit for smallholder farmers. After developing a scientific bundling of insurance with credit, we incorporated feedback from the community and stakeholders and incrementally co-developed the full RCC product, and subsequently implemented it in Kenya. Before implementing a full-fledged experimental evaluation design, we conducted a formative evaluation including supply and demand side preferences. The chapter provides a chronology of steps taken from inception through implementation, and impact evaluation findings of a randomised controlled trial. The chapter concludes with a discussion of the broader implications of RCC in terms of African food systems, policy recommendations, and future research.

Item Type:	Book Section
Uncontrolled Keywords:	risk-contingent credit; bundled credit; agricultural finance; Kenya; smallholder farmers; impact evaluation; choice experiment; randomised controlled trial
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management S Agriculture > S Agriculture (General)
Faculty / School / Research Centre / Research Group:	Faculty of Engineering & Science Faculty of Engineering & Science > Natural Resources Institute Faculty of Engineering & Science > Natural Resources Institute > Food & Markets Department
Related URLs:	http://www.google.co.uk/books/edition/Fo...
Last Modified:	07 Dec 2023 11:10
URI:	http://gala.gre.ac.uk/id/eprint/38594

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