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Portfolios of the Poor : How the World's Poor Live on a Day / Daryl Collins, Jonathan Morduch, Stuart Rutherford, Orlanda Ruthven.

Author/Creator:
Collins, Daryl author.
Publication:
Princeton, NJ : Princeton University Press, [2009]
Format/Description:
Book
1 online resource : 9 line illus. 36 tables.
Edition:
Course Book
Contained In:
De Gruyter University Press Library.
Status/Location:
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Details

Subjects:
Home economics -- Accounting.
Microfinance.
Poor.
Language:
In English.
System Details:
Mode of access: Internet via World Wide Web.
text file PDF
Summary:
Nearly forty percent of humanity lives on an average of two dollars a day or less. If you've never had to survive on an income so small, it is hard to imagine. How would you put food on the table, afford a home, and educate your children? How would you handle emergencies and old age? Every day, more than a billion people around the world must answer these questions. Portfolios of the Poor is the first book to systematically explain how the poor find solutions to their everyday financial problems. The authors conducted year-long interviews with impoverished villagers and slum dwellers in Bangladesh, India, and South Africa--records that track penny by penny how specific households manage their money. The stories of these families are often surprising and inspiring. Most poor households do not live hand to mouth, spending what they earn in a desperate bid to keep afloat. Instead, they employ financial tools, many linked to informal networks and family ties. They push money into savings for reserves, squeeze money out of creditors whenever possible, run sophisticated savings clubs, and use microfinancing wherever available. Their experiences reveal new methods to fight poverty and ways to envision the next generation of banks for the "bottom billion." Indispensable for those in development studies, economics, and microfinance, Portfolios of the Poor will appeal to anyone interested in knowing more about poverty and what can be done about it.
Contents:
Frontmatter
Contents
Tables
Figures
Chapter One: The Portfolios of the Poor
Chapter Two: The Daily Grind
Chapter Three: Dealing with Risk
Chapter Four: Building Blocks: Creating Usefully Large Sums
Chapter Five: The Price of Money
Chapter Six: Rethinking Microfinance: The Grameen II Diaries
Chapter Seven: Better Portfolios
Appendix 1: The Story behind the Portfolios
Appendix 2: A Selection of Portfolios
Acknowledgments
Notes
Bibliography
Index
Notes:
Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)
Contributor:
Morduch, Jonathan, author.
Rutherford, Stuart, author.
De Gruyter.
ISBN:
9781400829965
Publisher Number:
10.1515/9781400829965 doi
Access Restriction:
Restricted for use by site license.