The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective

The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective

The Poor and Their Money Microfinance from a Twenty First Century Consumer s Perspective It is generally believed that microfinance revolution was led by NGOs donor agencies and recently banks who offer poor people financial services But what can we learn from the ways that poor people

  • Title: The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective
  • Author: Stuart Rutherford Sukhwinder Singh Arora
  • ISBN: 9781853396885
  • Page: 104
  • Format: Paperback
  • It is generally believed that microfinance revolution was led by NGOs, donor agencies, and 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 andIt is generally believed that microfinance revolution was led by NGOs, donor agencies, and 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 too poor to save.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 India s self help group movement, village banks, and microfinance on Wall Street It also describes the most detailed accounts to date of poor people s day to day financial strategies their financial diaries.The book s clarity and lack of jargon make it appealing not only to microfinance students and practitioners, but to general readers as well.

    • Unlimited [History Book] î The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective - by Stuart Rutherford Sukhwinder Singh Arora È
      104 Stuart Rutherford Sukhwinder Singh Arora
    • thumbnail Title: Unlimited [History Book] î The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective - by Stuart Rutherford Sukhwinder Singh Arora È
      Posted by:Stuart Rutherford Sukhwinder Singh Arora
      Published :2019-09-19T07:36:10+00:00

    868 Comment

    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 [...]

    Not a book you read for pleasure. As an Anthropologist I enjoy his straightforward comparison of a variety of ways that poor from around the world handle their finances. Very informative if you are interested in the subject of small scale finances.

    “From the best reporter on finance and the poor that I have ever seen, The Poor and Their Money shines a brilliant light on a world about which people are in the dark.” - Thomas Easton, Asian Business Editor , The Economist

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