Innov8 Africa works in predominantly pastoral environments. Pastoralists have a long history of raising livestock, including cows, goats and sheep. Parents who cannot afford school fees can donate goats and cows to the Livestock Bank. In turn, schools can double, and even triple their initial investments in less than 6 months or maintain profitable herds for decades.
Goats and cows can be sold to provide income for the schools. Students and communities are taught to have “balanced portfolios” with “cash in the bank” in addition to livestock. Schools have used profits to build new school buildings, purchase school supplies, computers and even school buses.
Our Livestock Banking learning module is about “financial responsibility.” Students learn basics of budgeting and saving for their future.