How the Poor Manage their Finances: A Study of the Portfolio Choices for Poor Households in Ernakulam District, Kerala

The study was done for the Reserve Bank of India (RBI) in 2013. This study of the portfolios of the poor is based on the data provided by 107 poor households in three rural localities and urban slums in Kochi city in the district of Ernakulam, Kerala. The study is primarily based on a financial diary kept by the households for one month and gives significant insight into how the poor manage their cash inflows and outflows as well as the use of various financial instruments. Additional information on the assets, liabilities, socio-economic and demographic background of the households were captured by administering a household questionnaire.

The report is available at