The Poor and Their Money

Publication Date: 2001
Published by: Oxford University Press
Document Type: Book

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This book is about how poor people in developing countries manage their money. It describes how they handle their savings, from keeping bank notes under the floorboards to running sophisticated savings and loans clubs. It illustrates the variety of moneylenders and deposit collectors who serve the poor, including new microfinance institutions - semi formal or formal banks that specialize in working with poor clients.