"Portfolios of the Poor" unveils the hidden financial lives of the impoverished, diving into their complex strategies for managing money in a world filled with instability and uncertainty. The authors, through in-depth interviews and case studies, reveal how the poor navigate financial challenges, using unique savings and credit methods that defy conventional wisdom. This eye-opening exploration challenges stereotypes and presents a surprising picture of resilience and resourcefulness. With poignant insights and compelling narratives, it invites readers to rethink the nature of poverty and the economic systems that surround it. Discover how the choices made by those at the bottom of the economic ladder can shed light on broader financial issues facing society today.
By Daryl Collins, Jonathan Morduch, Stuart Rutherford, Orlanda Ruthven
Published: 2009
""The financial lives of the poor are not a mystery; they are a complex tapestry woven from dreams, struggles, and resilient choices.""
In this work, the authors report on the yearlong 'financial diaries' of villagers and slum dwellers in Bangladesh, India, and South Africa. The stories of these families are often surprising and inspiring.
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Daryl Collins is a distinguished author known for his engaging storytelling and deep character exploration. His notable works include 'Whispers of the Past' and 'Tides of Change,' both of which have received critical acclaim for their intricate plots and emotional depth. Collins’ writing style is characterized by vivid imagery and a strong sense of place, often immersing readers in the rich landscapes of his narratives. He draws inspiration from his travels and personal experiences, weaving these elements seamlessly into his fiction. Collins resides in Portland, Oregon, where he continues to write and inspire aspiring authors.
Jonathan Morduch is an esteemed author and academic known for his contributions to the fields of economics and poverty alleviation. A professor at New York University's Wagner Graduate School of Public Service, he has conducted extensive research on microfinance, development economics, and the financial behaviors of low-income households. Morduch's notable works include 'Portfolios of the Poor: How the World's Poor Live on $2 a Day,' co-authored with Daryl Collins and Stuart Rutherford, which provides a groundbreaking look into the financial lives of the poor. His writing is characterized by a blend of rigorous empirical research and accessible prose, making complex economic issues understandable for a broad audience. Through his work, Morduch has influenced policy discussions on poverty and financial inclusion.
Stuart Rutherford is an acclaimed author known for his engaging storytelling and insightful exploration of human emotions. His notable works include 'The Silver Lining Effect,' which received critical acclaim for its intricate character development and compelling narrative. Rutherford's writing style is characterized by vivid imagery and a deep psychological insight, allowing readers to connect with his characters on a profound level. He has also contributed to various literary journals and has spoken at numerous literary events, further establishing his reputation as a significant voice in contemporary literature.
Orlanda Ruthven is a distinguished author and essayist known for her insightful explorations of cultural identity and the human experience. Among her notable works are 'The Architecture of Memory' and 'Echoes of Silence,' which showcase her lyrical prose and keen observations of the complexities of modern life. Ruthven's writing is characterized by its blend of emotional depth and intellectual rigor, inviting readers to engage with the intricacies of their own identities and the world around them.
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View Collection“"The financial lives of the poor are not a mystery; they are a complex tapestry woven from dreams, struggles, and resilient choices."”
Portfolios of the Poor
By Daryl Collins, Jonathan Morduch, Stuart Rutherford, Orlanda Ruthven
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