Stuart Rutherford

Financial Inclusion Expert

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

Delinquency Management Lessons from Bangladesh

In this video Stuart Rutherford – Founder of SafeSave, a microfinance institution in Bangladesh talks about the competition in Bangladesh, delinquency management and the key challenges in addressing it. Attributing the emergence of various MFIs as one of the reasons for defaults, Stuart discusses the clients’ behaviour towards payment patterns.

Listening to Clients: A Market led Approach

In this video Stuart Rutherford – Founder of SafeSave, a microfinance institution in Bangladesh and author of the books ‘The Poor and Their Money’ and ‘Portfolios of The Poor’ tells that listening to clients is at the heart of providing financial services in a market-led approach.

Portfolios of the Poor: Grameen-2 – A Success Story

In this video series-4 answering Graham A.N. Wright of MicroSave, Stuart Rutherford, talks about SafeSave, Buro and particularly Grameen 2 in Bangladesh who have developed financial products that addresses the three main problems the poor face to manage money: managing money on daily basis, money for handling emergency and building large sums of money for […]

Portfolios of the Poor: Financial Products

In this video series-3, Stuart Rutherford, co-author of “Portfolios of the Poor” talks about the financial products that poor people need from MFIs. He also describes the behaviour of people in managing daily expenses when income is irregular and their vulnerability to emergencies.

Portfolios of the Poor: Key Lessons

In this video series-2, taking the conversation further with Graham A.N. Wright, Stuart Rutherford, co-author of “Portfolios of the Poor”, shares the key lessons of the book in terms of poor people’s financial behaviour. Informing that poor people lead complex financial lives basically not only due to meager but irregular income. Sharing his research work […]

Portfolios of the Poor: Introduction

In this video Bob Christen, director of the Financial Services for the Poor initiative at Bill & Melinda Gates Foundation, introduces the groundbreaking book, Portfolios of the Poor: How the World’s Poor Live on $2 a Day. He talks about the research behind the book and how complex transactions of poor were captured during the […]

Managing Growth of Microfinance Institutions: ASA Bangladesh – Single-minded growth

This paper reviews the difficulties faced by rapidly-growing MFIs and examine how they can be addressed. It aims to provide nascent MFIs with an understanding of the problems they are likely to face and the solutions they might try.

Lessons From The Grameen II Revolution

This note describes the effects of the new Grameen II efforts on the overall Grameen Bank system.