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Tag: portfolios of the poor

What Do I Think of Microfinance? Pt. 2

What Do I Think of Microfinance? Pt. 2

This is part two of a two-part post on microfinance.  Part one can be read here In the last post, I gave a rundown of the mechanics of microfinance and explained the criticism of high interest rates.  Another criticism came from development economists like Dean Karlan, founder of Innovations for Poverty Action and pioneer in the utilization of randomized controlled trials for determining the efficacy of development interventions, and Jonathan Morduch, who, in his seminal book, Portfolios of the Poor,…

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The Volatility of $2 a Day

The Volatility of $2 a Day

Portfolios of the Poor: How the World Lives on $2 a Day has become one of the most talked-about book in the world of development.  It is an analysis of how poor – specifically, the poorest – people live.  The authors chronicle how people make and spend their money – tracking the inflows and outflows to better understand the daily routine.  The subjects keep detailed financial diaries of everything having to do with money in their lives.  The results are…

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