Supply and Demand for Livestock Credit in Sub-Saharan Africa: Lessons for Designing New Credit Schemes |
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| Institution: | 1. Evidence Based Heath Care, Department of Continuing Education, University of Oxford, Oxford, United Kingdom;2. PMC Department, Christian Medical College Vellore, Tamil Nadu, India;3. Northern Ireland Methodology Hub, Centre for Public Health, School of Medicine, Dentistry and Biomedical Sciences, Queen''s University, Belfast, Ireland;4. Department of Primary Care Medicine, University of Malaya, Malaya;5. Evidence Based Heath Care, Department of Continuing Education, University of Oxford, Oxford, United Kingdom;6. University of London, London, United Kingdom;1. University of the Western Cape Department of Anthropology & Sociology, Bag X17, Code, 7535, Robert Sobukwe Rd, Belville, Cape Town, South Africa;2. International Studies Group, University of the Free State, South Africa;1. Department of Behavioral and Social Sciences, Center for Alcohol and Addiction Studies, Brown University School of Public Health, Providence, Rhode Island;2. Department of Epidemiology, Harvard T.H. Chan School of Public Health, Boston, Massachusetts;3. Department of Health Behavior and Health Education, University of Michigan School of Public Health, Ann Arbor, Michigan;4. Department of Biostatistics, University of Alabama at Birmingham School of Public Health, Birmingham, Alabama;5. Section of Adolescent Medicine, Indiana University School of Medicine, Indianapolis, Indiana;6. Department of Psychiatry, John Stroger Hospital of Cook County, Chicago, Illinois;7. Department of Epidemiology, University of Alabama at Birmingham School of Public Health, Birmingham, Alabama;8. Lifespan Hospital Systems and Alpert Medical School of Brown University, Providence, Rhode Island |
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| Abstract: | Based on analysis of credit supply in Ethiopia, Kenya, Uganda and Nigeria, it is shown that public credit institutions do not have sufficient funds to meet the demand for livestock credit and cannot mobilize savings from their clients or other commercial sources for one reason or another. In addition, available credit does not reach those who need it the most and with whom it could have the greatest impact due to the application of inappropriate screening procedures and criteria to determine creditworthiness. The analysis of demand based on borrowing and nonborrowing sample households using improved dairy technology, it is shown that not all borrowers borrowed due to liquidity constraint while some borrowers and some nonborrowers had liquidity constraint but did not have access to adequate credit. Logistic regression analysis show that sex and education of the household head, training in dairy, prevalence of outstanding loan and the number of improved cattle on the farm had significant influence on both borrowing and liquidity status of a household, though the degree and direction of influence were not always the same in each study country. Based on the findings it is suggested that combining public and commercial finance could solve the problem of inadequate credit supply while inventory finance to community level input suppliers and service providers might help in getting credit to worthy and needy smallholders at lower cost than providing credit to smallholders directly. |
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