Portfolios of the Poor
How the World's Poor Live on $2 a Day
Daryl Collins|Jonathan Morduch|Stuart Rutherford|Orlanda Ruthven
The book presents an in-depth analysis of the financial practices of impoverished households in Bangladesh, India, and South Africa, based on year-long interviews and financial diaries. It reveals how, despite their limited resources, these families manage their money through a variety of tools and strategies to handle emergencies, plan for the future, and optimize their meager incomes.
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