NYU's William Easterly explains how Portfolios of the Poor gives us a more realistic look at the poor people, and how it changes the perspective on loans for daily consumption.

Easterly is a Professor of Economics at NYU and Co-director of NYU's Development Research Institute. The Development Research Institute (DRI) is devoted to rigorous, scholarly research on the economic development and growth of poor countries. DRI seeks to engage the academic world and the wider public about effective solutions to world poverty through a range of activities including the Aid Watch initiative.

This video is part of a toolkit of suggested resources for FAI and MicroSave’s June 8-9 virtual conference Reimagining Microfinance Around the World: Implementing Lessons from Portfolios of the Poor. Co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham A.N. Wright will moderate and discuss with conference “attendees” how to turn lessons from the financial diaries into real, on-the-ground solutions for economic development.