Ambition and debt

• by Stuart Rutherford
• Aug 27, 2019
• 1 min
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Part of our Low Income Lives series, this blog reveals how rickshaw driver Abul from Bangladesh managed to buy a better vehicle and how it affected the economy and welfare of his household.

As part of the Hrishipara Daily Financial Diaries project, MSC interviewed rickshaw driver Abul Hossain every day. We recorded all the money that flowed into and out of his four-person household and analyzed his basic household budget, possible sources of income, overall expenditure, and daily transactions. In this blog, we will see how Abul achieved his ambitious move to a better vehicle, and how it relates to the economy and welfare of his household. We also observe the ways in which he manages considerable debts.