This working paper provides an impact evaluation of the Juntos programme on households’ decisions to invest in livestock and agricultural and non-agricultural assets used for income generating activities. Using Propensity Score Matching and Difference in Difference techniques, the authors show that:

i) Beneficiaries are significantly more likely to invest in productive assets and activities with respect to nonbeneficiaries;

ii) Juntos is more likely to relax liquidity constraints rather than to be used as an insurance for risky investments;

iii) that the programs benefits the poor but not the poorest of the poor.

They found that duration and transfer regularity do not produce significant differences between groups of beneficiaries. However, they also show a sustained impact of the programme over time.

The data used in this publication is from Young Lives. The views expressed are those of the authors and not necessarily those of Young Lives, the University of Oxford, DFID or other funders.