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.
- Asian American, Native Hawaiian, and Pacific Islander Heritage Month
- Jewish American Heritage Month
- A Family Affair: Bridgerton Read Alikes
- Long Weekend, Short Reads
- Mental Health Awareness
- Our Librarians Love Steampunk!
- Blake Crouch: Dark Matter and More
- She doesn't even go here!: For fans of Mean Girls
- April Showers Bring May Flowers
- Not Just Another Teen Book- YA for Adults
- Retro Reads - Books from the 1900s
- New eBook additions
- Page to Screen
- See all
- Asian American, Native Hawaiian, and Pacific Islander Heritage Month
- Jewish American Heritage Month
- Mental Health Awareness
- Long Weekend, Short Reads
- A Family Affair: Bridgerton Read Alikes
- Our Librarians Love Steampunk!
- She doesn't even go here!: For fans of Mean Girls
- Page to Screen
- Not Just Another Teen Book- YA for Adults
- Retro Reads - Books from the 1900s
- New audiobook additions
- Now Available! Popular Audiobooks You May Have Missed
- Best Books of 2023
- See all
- #ownvoices / Diverse Books
- Antiracism Resources
- Sheet Music & Song Books
- Bücher auf Deutsch / Books in German
- Civil Service Test Prep
- The Great Courses
- QuickReads Collection
- See all