Portfolios of the Poor
February 27, 2010 7:09 PM Subscribe
Portfolios of the Poor: How the World's Poor Live on $2 a Day A new book by Daryl Collins of Bankable Frontier Associates; Jonathan Morduch of NYU's Financial Access Initiative; Stuart Rutherford, author of The Poor and Their Money and founder of SafeSave; and Orlanda Ruthven of Impactt investigates the question of how over a billion people make ends meet on only $2 a day. "The authors report on the yearlong "financial diaries" of villagers and slum dwellers in Bangladesh, India, and South Africa--records that track penny by penny how specific households manage their money." The strategies adopted by the households of Hamed & Khadeja (pdf) from Bangladesh, Thembi (pdf) from South Africa, Feizal (pdf) from India and others may surprise you.
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