How is it possible to budget just $1 a day for immediate costs like food and shelter and still save for long term items like your kids’ education and emergencies?
One day, we head to the bank in town to see if we could get a loan or open a savings account with only our $1 a day income and find that it’s nearly impossible! Back in the village, we talk to our friends Anthony and Rosa about how they save and borrow money without using a traditional bank. Innovative tools, like microfinance loans and savings clubs, are helping them budget their money but what kind of extra risks do these tools force Anthony and Rosa to take on?
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