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There are an estimated 500 million smallholder households globally, amounting to upwards of two billion people. Mostly small-scale farmers cultivating less than five acres, they make up a significant portion of the world’s poor who live on less than $2 a day.
That is why improving the lives of this huge group is a priority in efforts to end global poverty. Until now, however, very little was known about the financial lives of smallholders, making it unclear exactly how to help.
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Source: World Bank