In 2004, Stuart Rutherford founded SafeSave, a money-management project in Dhaka, Bangladesh. The project eventually sparked “Portfolios of the Poor: How the World’s Poor Live on $2 a Day,” a book published in early 2009 by Princeton University Press that was written by Rutherford, Daryl Collins, Orlanda Ruthven and Jonathan Morduch. Its “financial diaries” provide a detailed and unprecedented picture of the financial lives of the poor in Bangladesh, India and South Africa, according to Morduch, a New York University economics professor. They “helped us rethink what microfinance …could become,” Morduch says.
View more of our interview with Jonathan Morduch.