A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers

The purpose of this paper is to assess the feasibility of risk-contingent credit (RCC) by presenting an experimental and participatory game designed to explain the concept of RCC to Kenyan pastoralists and dairy farmers. The paper investigates the uptake potential of RCC through qualitative assessme...

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Autores principales: Shee, Apurba, Turvey, Calum G., Woodard, Joshua
Formato: Journal Article
Lenguaje:Inglés
Publicado: Emerald Publishing Limited 2015
Materias:
Acceso en línea:https://hdl.handle.net/10568/150873
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author Shee, Apurba
Turvey, Calum G.
Woodard, Joshua
author_browse Shee, Apurba
Turvey, Calum G.
Woodard, Joshua
author_facet Shee, Apurba
Turvey, Calum G.
Woodard, Joshua
author_sort Shee, Apurba
collection Repository of Agricultural Research Outputs (CGSpace)
description The purpose of this paper is to assess the feasibility of risk-contingent credit (RCC) by presenting an experimental and participatory game designed to explain the concept of RCC to Kenyan pastoralists and dairy farmers. The paper investigates the uptake potential of RCC through qualitative assessment of field experiments and focus groups.– The paper presents a method of community engagement through a participatory game played in a series of Focus Group Discussions (FGDs). The paper also presents theoretical justification of RCC in credit market structure.– The game effectively explains the concept and mechanism of RCC by reflecting local situation and production potential. Participatory exercises within focus group discussions indicate that there exists a strong interest and support for RCC.– The methodology described in this paper can be used in extension programs for promoting innovative rural microcredit in developing countries but should be modified according to the local production and associated weather and market risks.– Micro-insurance and credit program delivery can be improved by the innovative approach of community engagement for explaining financial products.
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spelling CGSpace1508732025-12-08T10:29:22Z A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers Shee, Apurba Turvey, Calum G. Woodard, Joshua risk management dairy farms pastoralism credit capacity building The purpose of this paper is to assess the feasibility of risk-contingent credit (RCC) by presenting an experimental and participatory game designed to explain the concept of RCC to Kenyan pastoralists and dairy farmers. The paper investigates the uptake potential of RCC through qualitative assessment of field experiments and focus groups.– The paper presents a method of community engagement through a participatory game played in a series of Focus Group Discussions (FGDs). The paper also presents theoretical justification of RCC in credit market structure.– The game effectively explains the concept and mechanism of RCC by reflecting local situation and production potential. Participatory exercises within focus group discussions indicate that there exists a strong interest and support for RCC.– The methodology described in this paper can be used in extension programs for promoting innovative rural microcredit in developing countries but should be modified according to the local production and associated weather and market risks.– Micro-insurance and credit program delivery can be improved by the innovative approach of community engagement for explaining financial products. 2015-08-27 2024-08-01T02:54:07Z 2024-08-01T02:54:07Z Journal Article https://hdl.handle.net/10568/150873 en Limited Access Emerald Publishing Limited Shee, Apurba; Turvey, Calum G.; and Woodard, Joshua. 2015. A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers. Agricultural Finance Review 75(3): 330 - 348. https://doi.org/10.1108/afr-07-2015-0030
spellingShingle risk management
dairy farms
pastoralism
credit
capacity building
Shee, Apurba
Turvey, Calum G.
Woodard, Joshua
A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title_full A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title_fullStr A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title_full_unstemmed A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title_short A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers
title_sort field study for assessing risk contingent credit for kenyan pastoralists and dairy farmers
topic risk management
dairy farms
pastoralism
credit
capacity building
url https://hdl.handle.net/10568/150873
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