“In this video Jonathan Morduch, co-author of “Portfolios of the Poor” and Professor of Public Policy and Economics at the NYU Wagner Graduate School of Public Service, and Managing Director of the Financial Access Initiative tells one of the most important information revealed by the book is the they way how people use loans. The book reveals poor people use loans not only to expand business but also for fulfilling general purposes such as education, health, food etc. Jonathan says this revelation would lead to newer generation of financial services or products that would address these problems in an effective way.

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