Cash transfers is a term that gets used a lot, but what exactly does it mean within a Sub-Saharan development context?
Here is a nice infographic to answer your questions. Cash transfers are regular transfers of money designed to reach the poorest households. In the past decade, a growing number of African governments have launched cash transfer programs to provide assistance to households that are ultra-poor, labor-constrained, or caring for orphaned or disabled children.
Many times the beneficiaries of these programs are smallholder farmers. When they receive these financial packages, the result is increased food consumption, better nutrition, and greater investment in agricultural equipment and livestock.
Success stories from across Sub-Saharan Africa have appeared again and again. In Malawi, long-suffering from nationwide hunger, cash transfer programs have allowed families to receive the monetary assistance necessary to acquire and produce their own food.
With such cash transfer programs gaining popularity in Africa, the time is ripe for understanding their full impacts.