This paper reports findings from a mixed-methods evaluation of the Government of Zambia’s Child Grant Programme, a poverty-targeted, unconditional transfer given to mothers or primary caregivers of young children aged 0 to 5. Qualitatively, we found that changes in intrahousehold relationships were limited by entrenched gender norms, which indicate men as heads of household and primary decision-makers. However, women’s narratives showed the transfer did increase overall household well-being because they felt increased financial empowerment and were able to retain control over transfers for household investment and savings for emergencies. The study found that women in beneficiary households were making more sole and joint decisions, although impacts translated into relatively modest increases.