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. The “financial diaries” included in this book illustrate, according to Morduch, that more than anything, the poor need greater access to immediate health care and the funds to pay for it. The New York University economics professor and microfinance expert suggests linking health and microfinance to create a simple insurance program for possible emergencies.
View more of our interview with Jonathan Morduch.
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About the author
David Lepeska
David has served as U.N. correspondent for the newswire UPI and reported for several major newspapers, including the New York Daily News and Newsday. He was chief correspondent for the Kashmir Observer in Srinagar, India, and regularly contributes to the Economist, among other publications. Since 2007, David has reported for Devex News from Washington, New York, as well as South Asia.