"A must-read book for social entrepreneurs combating global poverty. . . . Skip the latest road-to-riches screed about serving the bottom of the pyramid and throw out your white papers from the World Bank. . . . "Portfolios of the Poor" is your new bible."--Jonathan C. Lewis, I on Poverty "Too often, conversations about the needs of the world's poor are based on assumptions and clichs. This important, carefully researched, and compelling book presents the facts about the poor and their relationship to finance."--Tim Harford, author of "The Undercover Economist" and "The Logic of Life" "This is an important, boots-on-the-ground look at how microfinance functions in the developing world. The descriptions of how poor households manage their limited resources are exciting, raw, and novel, and I found myself unable to put the book down."--Edward Miguel, University of California, Berkeley and coauthor of "Economic Gangsters"
Daryl Collins is senior associate at Bankable Frontier Associates in Boston. Jonathan Morduch is professor of public policy and economics at New York University and coauthor of The Economics of Microfinance. Stuart Rutherford is the founder of SafeSave, a microfinance institution in Bangladesh. Orlanda Ruthven recently completed a doctoral degree in international development at the University of Oxford, and currently lives in Delhi.