Replicating Microfinance in the United StatesJames H. Carr, Zhong Yi Tong Woodrow Wilson Center Press, 28/06/2002 - 387 من الصفحات "With the publication of this volume, knowledge and understanding of the practices of delivering micro-credit reach a new level of consolidation, and the stage is set for important further steps."—from the Foreword by Richard P. Taub, University of Chicago Microfinance was pioneered in the developing world as the lending of small amounts of money to entrepreneurs who lacked the kinds of credentials and collateral demanded by banks. Similar practices spread from the developing to the developed world, reversing the usual direction of innovation, and today several hundred microfinance institutions are operating in the United States. Replicating Microfinace in the United States reviews experiences in both developing and industrialized countries and extends the applications of microlending beyond enterprise to consumer finance, housing finance, and community development finance, concentrating especially on previously underserved households and their communities. Contributors include Nitin Bhatt, Robert M. Buckley, Bruce Ferguson, Elinor Haider, Chi-kan Richard Hung, Sally R. Merrill, Jonathan Morduch, Gary Painter, Sohini Sarkar, Mark Schreiner, Lisa Servon, Ayse Can Talen, Shui-Yan Tang, Kenneth Temkin, Andres Vinelli, J. D. Von Pischke and Marc A. Weiss. Replicating Microfinance in the United States is based on papers commissioned by the Fannie Mae Foundation and findings from an October 2001 conference jointly held by the Fannie Mae Foundation and Woodrow Wilson International Center for Scholars in Washington, D.C. |
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... costs of starting a business in an industrial economy such as the United State—above and beyond those costs microcredit borrowers everywhere incur in participating in a peer-group lending program. More resources need to be devoted to ...
... costs, and thus adds to the costs of replicating peer-group lending programs in the United States. Loan Terms The loan terms were quite similar among the U.S. programs and the four developing-country ones (see table 8.3). All but one of ...
... costs than their counterparts in similar developing- country programs. The higher transaction costs of setting up a microenterprise in the United States may necessitate proportionally larger loans than those in developing- FROM SOUTH TO ...
... costs of attending regular meetings or networking, even with modern means of transportation, are much higher in the United States than in the densely populated villages of developing countries. At least one rural program in the United ...
... costs. The emphasis on peer groups may seem to downplay the role of program staff. However, research μndings show otherwise. Both Auwal (1996) and Jain (1996) ar- gued that the Grameen methodology facilitated the cultivation of norms ...