Portfolios of the Poor: How the World's Poor Live on $2 a Day
by Jonathan Morduch, Daryl Collins, Stuart Rutherford, Orlanda Ruthven
This book delves into the financial portfolios of the world's poor, showing how they navigate life on $2 a day. It uncovers their creative methods for managing money, from informal savings groups to micro-loans, offering profound insights into poverty and economic resilience.
About This Book
Portfolios of the Poor examines the daily financial lives of individuals living on minimal resources, highlighting their approaches to saving, borrowing, and spending.
The book draws from extensive research to illustrate how the poor construct financial tools suited to their circumstances, challenging common assumptions about poverty.
Authors Jonathan Morduch, Daryl Collins, Stuart Rutherford, and Orlanda Ruthven provide a grounded perspective on economic survival in low-income settings.
Through detailed accounts, it offers valuable lessons for policymakers and financial institutions aiming to support vulnerable populations.
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