Jonathan Morduch

Daryl Collins

Stuart Rutherford

Orlanda Ruthven

Nearly forty percent of humanity lives on an average of two dollars a day or less. If you've never had to survive on an income so small, it is hard to imagine. How would you put food on the table, afford a home, and educate your children? How would you handle emergencies and old age? Every day, more than a billion people around the world must answer these questions. Portfolios of the Poor is the first book to systematically explain how the poor find solutions to their everyday financial problems. 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." Indispensable for those in development studies, economics, and microfinance, Portfolios of the Poor will appeal to anyone interested in knowing more about poverty and what can be done about it.

How the World's Poor Live on $2 a Day

Portfolios of the Poor

Bina Fernandez

Meena Gopal

This book brings together a unique collection of theoretical and empirical analyses of women’s access to land, labour and livelihoods in contemporary India. The authors recognize that gender relations must be viewed intersectionally, along with other social relationships such as caste, ethnicity, religion, sexuality and age, in order to inform an integrated analysis of women’s persistent disadvantage in India. The chapters examine a diverse range of rural and urban livelihoods within sectors such as tea plantations, nursing, hair salons, sex work and waste collection. Documenting the shifts in these sectors in the context of economic liberalization, the authors offer insights on the challenges of development interventions as women negotiate shifts in their livelihood options. Written to engage, the contributions to this book will be of interest both to the general reader and to academics and practitioners in development and gender/women’s studies.

Indian Women's Perspectives

Land, Labour and Livelihoods

Orlanda Ruthven

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