Trained originally as an architect, Stuart Rutherford later became interested in how poor people manage their money, and how they might be helped to do it better
Trained originally as an architect, Stuart Rutherford later became interested in how poor people manage their money, and how they might be helped to do it better. He has collected details of many financial devices in dozens of countries and has described them in his book The Poor and Their Money. With David Hulme of Manchester University, he devised and then led the first ‘financial diary’ research project, in Bangladesh in 1999. Results from the first crop of financial diary exercises were written up in Portfolios of the Poor, of which he is a co-author. Rutherford has also looked at money management for poor people from the point of view of a service provider, having established the MFI SafeSave in Dhaka, Bangladesh, in 1996, and has also worked as a teacher and consultant. He is married and now lives in Nagoya, Japan.
Posts by Stuart Rutherford
Life on credit: Why and how do corner shop owners take loans?
With the wide gap in access to formal credit for MSMEs in South and East Asia, micro-businesses often borrow from unreliable sources at exorbitant rates. Based on our Corner Shop Diaries research, this blog explores how and why corner shops take loans and the sources from which they borrow.
Something to fall back on (Managing income volatility)
As part of the Hrishipara Daily Diaries Project, MSC tracked the income of a brick-breaker in Bangladesh to discover how he manages his household despite fluctuations in income that tosses his household in and out of extreme poverty.
Micro-entrepreneurs and occupational hazards: Why do poor people settle for low-return employment?
In this blog, we highlight why the poor wish to engage in unskilled labor and petty trade by studying the records of respondents from low-income households in a “financial diary” research project in central Bangladesh.
In the first edition of MicroSave’s ‘Low-Income Lives’, Stuart Rutherford looks at education, using data from the Hrishipara Daily Financial Diaries project which records the flow of money from households in Bangladesh.