02386nam a22002417a 450000500170000000800410001702801420005808200160020010000200021610000250023624500890026126000430035030000230039336500090041652014710042565000170189665000190191365000190193270000190195194200090197099900170197995201480199620250321115813.0250321b        |||||||| |||| 00| 0 eng d  a: International Book Distributorsb: Flat No. 17, Prakash Apartment, 4405/2,5 , Ansari Road, Daryaganj, New Delhic: 121490d: 11/03/2025  a305.569 COL  aCollins, Daryl   a; Morduch, Jonathan.  aPortfolios of the Poorb:  How the World's Poor Live on $2 a Day.c/ Daryl  Collins.  aRanikhet b: Permanent Blackc , 2010.  aix, 283p.c: 24cm.  b1960  aNearly 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.  aWorld's Poor  aHumanity lives  aPoverty fight   aDaryl Collins   cBOOK  c62970d62970  00102ddc4070aSNULbSNULd2025-03-21eInternational Book Distributorsg1960.00l0o305.569 COLp30856r2025-03-21 00:00:00w2025-03-21yBOOK