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.
|Produto sob encomenda||Sim|
|Marca||PRINCETON UNIV PR|
|Ano da edição||2010|
|Número de Páginas||296|
|Autor||Morduch,Jonathan; Rutherford,Stuart; Collins,Daryl|