Summary: Portfolios of the Poor

The must-read summary of Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven's book: "e;Portfolios of the Poor: How the World's Poor Live on $2 a Day"e;.This complete summary of "e;Portfolios of the Poor"e; outlines the authors' assessment of how the world's poorest billion people find solutions to living on such a small income. They demonstrate that they are surprisingly resourceful and usually employ financial tools that are linked to informal networks and family ties. The book also offers a vision for the future generation of banks for the "e;bottom billion"e;.Added-value of this summary:* Save time* Understand poverty and how people cope with it* Expand your knowledge of international politics and economicsTo learn more, read "e;Portfolios of the Poor"e; and discover the inspiring stories of how the world's poorest people survive off their impossibly small means, and the implications this has for the new generation of banking and finance.