PORTFOLIOS OF THE POOR HOW THE WORLD'S POOR LIVE ON $2 A DAY About forty percent of the world’s people live on incomes of two dollars a day or less. If you’ve never had to survive on an income so small, it is hard to imagine. How would you put food on the table, afford a home, and educate your children? How would you handle emergencies and old age? Portfolios of the Poor is the first book to explain systematically how the poor find solutions. The authors report on the yearlong “financial diaries” of villagers and slum dwellers in Bangladesh, India, and South Africa. The stories of these families are often surprising and inspiring. Most poor households do not live hand to mouth, spending what they earn in a desperate bid to keep afloat. Instead, they employ financial tools, many linked to informal networks and family ties. Their experiences reveal new methods to fight poverty and ways to envision the next generation of banks for the “bottom billion.” Indispensable for those in