Abstract

The objective of this study was to document the kinds of shocks or set-backs and events that commonly cause households to become poorer or destitute and the kinds of risk management strategies they utilize in order to prevent, mitigate or cope with the shocks. The study was conducted in Magobbo area which is located in Mazabuka District in Zambia’s Southern Province using qualitative research methods and techniques. The results show that the majority Magobbo households face multiple covariant and idiosyncratic shocks which have led to downward economic mobility or increased poverty. Some of the shocks include market access challenges caused by market liberalization policies; increased morbidity and mortality due to the HIV and AIDS pandemic and other diseases; adverse consequences of climate change and deterioration of the natural resources; adverse consequences of family breakdown caused by spousal abandonment, divorce and widowhood. The study results also show that the households practice several coping mechanisms to address shocks and set-backs that affect them. These coping mechanisms include a range of prevention, mitigation and coping strategies.

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