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The Poor And Their Money Stuart Rutherford

The Poor And Their Money

Stuart Rutherford

Published August 9th 2001
ISBN : 9780195657906
Paperback
136 pages
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 About the Book 

Short and sweet with one main point: poor people earn variable, tiny incomes, and manage their finances via savings and loans (thought of as saving over time in reverse) to produce useful lump sums of money when they need it. The book includes comparisons of different methods to save and borrow available to poor people in developing countries, from on the hoof to clubs and local creditors to NGOs and microfinance institutions.For the story behind the conclusions presented here, see the longer and more detailed exploration of poor peoples financial management in Portfolios of the Poor.