Credit rationing remains a major concern for livestock value chain stakeholders in particular for smallholders for who poor access to credit is one of the principal constraints to sustain their activities. Until present-day, the mismatch between credit supply and demand is usually tackled in Sub-Saharan Africa through the intrinsic attributes of credit applicants and very little or never through the prism of the unavoidable multifaceted livestock risk management in view to move forward to an enabling environment. This is the approach adopted in this paper, focused on Senegal livestock risk assessment and management as well as on thorough literature review, secondary data analysis, interviews with public and private corporations and national and international research institutions working in livestock sector. After identification, quantification, impact assessment and prioritization of multifaceted livestock risks, we demonstrate how risk management contributes to the emergence of an enabling environment and stimulate access to credit.