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Regional themes > Poverty reduction frameworks and critiques Last update: 2019-06-14  
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Financial Diaries: Investigating the financial lives of the poor

Ford Foundation, FinMark Trust, Centre For Social Science Research, MFRC

Financial Diaries

SARPN acknowledges the http://www.eldis.org/poverty/microfinance.htm website as the source of this document.
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Findings in brief

  • There is not much detailed knowledge of the extent to which poor households are using formal and informal financial instruments in their struggle against poverty.


  • The goal of the Financial Diaries is to present a picture of the financial lives of the poor by interviewing households over the course of a year and compiling a record of daily income, expenditure and financial exchanges.


  • Initial findings suggest that poor households, despite their limited income, manage their money actively across a large number of formal and informal financial instruments.


  • The Financial Diaries dataset has provided new insight into financial behaviour with regards to indebtedness, the use of social grants, savings, the response to unexpected events and the management of survivalist businesses.



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