The Poor and their Money: Microfinance from a twenty-first

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The Poor and their Money: Microfinance from a twenty-first century consumer's perspective
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It is generally believed that microfinance revolution was led by NGOs, donor agencies, and more recently banks who offer poor people financial services. But what can we learn from the ways that poor people already manage their money? What are the essential elements that they prize so much that they are willing to pay high interest rates to money lenders, or spend time and energy setting up elaborate savings clubs? The Poor and Their Money emphasizes the pivotal role of savings in the lives of the poor, and in so doing overturns the common misconception that they are â€œtoo poor to saveâ€.

Building on the huge acclaim that followed its first publication, the second edition of The Poor and Their Money brings readers up to date with microfinance developments in the twenty first century, including Indiaâ€™s self-help group movement, village banks, and microfinance on Wall Street. It also describes the most detailed accounts to date of poor peopleâ€™s day-to-day financial strategiesâ€•their financial diaries.

The bookâ€™s clarity and lack of jargon make it appealing not only to microfinance students and practitioners, but to general readers as well.
Country USA
Brand Brand: Practical Action
Manufacturer Practical Action Publishing
Binding Paperback
ItemPartNumber 9781853396885
ReleaseDate 2009-10-15
UnitCount 1
EANs 9781853396885

Country	USA
Brand	Brand: Practical Action
Manufacturer	Practical Action Publishing
Binding	Paperback
ItemPartNumber	9781853396885
ReleaseDate	2009-10-15
UnitCount	1
EANs	9781853396885

The Poor and their Money: Microfinance from a twenty-first century consumer's perspective

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