Summary: Portfolios of the Poor

The must-read summary of Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven's book: "Portfolios of the Poor: How the World's Poor Live on $2 a Day".This complete summary of "Portfolios of the Poor" 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 "bottom billion".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 "Portfolios of the Poor" 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.