Using a four-round panel data set from the first phase of the Challenging the Frontiers of
Poverty Reduction – Targeting the Ultra Poor (CFPR – TUP) programme of BRAC, authors
investigate whether a one-off transfer of livestock assets improves well-being of the very poor
women in Bangladesh. Programme impact is assessed on a wide range of monetary and
nonmonetary measures of wellbeing using difference-in-difference (DD) as well as matching
methods. They find significant positive long-term impact on food security, household savings,
assets and participation in microfinance. Participant women are less likely to be in distress
occupation and more into self-employment. However, the long-term effect is much smaller for
most outcomes when compared to short- and medium-run impacts. Authors conclude by
discussing the significance of the institutional and regional context for the observed time path
of estimated programme effect.