ABBL

Over 2.7 billion people in the world live on $2 or less a day. The positive role of microfinance services to alleviate poverty is regularly weakened by certain institutions that are mainly driven by commercial objectives and seem to pay little attention to their social function.

The groundbreaking book Portfolios of the Poor: How the World's Poor Live on $2 a Day examines the cash flow of almost 300 households among the poorest of the world. The result is a humanising insight into the economic lives of the global poor, and a valuable resource for attempting to improve those lives, especially through microfinance institutions.

Jonathan Morduch, co-author of the book, will be the keynote speaker at the 17th Midi de la microfinance organised by ADA in collaboration with the Banque de Luxembourg, and with the support of KPMG and the Luxembourg Cooperation.