Definition of livelihoods Livelihoods are ‘means of making a living’, the various activities and resources that allow people to live. “ Livelihood comprises the capabilities, assets (including both material and social) and activities required for a means of living. (Chambers and Conway, 1992 Livelihoods are similar for groups of people doing similar things .
Components of the livelihoods Human assets Social assets Physical assets Financial assets Natural assets
Sustainable livelihood • A livelihood is sustainable when it can cope with and recover from stresses and shocks, maintain or enhance its capabilities and assets, while not undermining the natural resource base. Rural livelihood diversification • Rural livelihood diversification is defined as the process by which rural households construct an increasingly diverse portfolio of activities and assets in order to improve their standard of living
The Sustainable Livelihoods Approach The sustainable livelihoods approach ( SLA ) is a way to improve understanding of the livelihoods of poor people. The two key components of the SLA are: • A framework that helps in understanding the complexities of poverty • A set of principles to guide action to address and overcome poverty