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

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It is generally believed that microfinance revolution was led by NGOs, donor agencies, and more 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 ...

The Poor and Their Money: Microfinance from a Twenty-First Century Consumer's Perspective 2010, Practical Action, Warwickshire

ISBN-13: 9781853396885

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