In just three years, the bank registered business in excess of Rs. 44 crore. Enthused by this success, one more bank has opened a branch in Dharavi and many more are eager to do so. There are now 9 ATMs in Dharavi, all of them being actively used. How does the other half live? 10.
The reality is that money management is a well-understood part of everyday life of the poor, and therefore a key factor in determining their coping strategies. Some of you may have come across this recent, thought provoking book, “Portfolios of the Poor: How the World’s Poor Live on $ a Day” by Daryl Collins et al.