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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... defaults in the same credit market . The methodology of group - based microcredit provides an entirely dif- ferent way to address these two components of credit risk . Instead of re- quiring physical and marketable collateral , the ...
... Default rate ( percent ) n.a. n.a. n.a. Source : All U.S. data are based on the author's survey . Data for programs in other countries are from sources listed in the notes below . Note : n.a. = Not available . BRAC = Bangladesh Rural ...
... default rates for the U.S. average , Working Capital , and the NCRC would be 4.7 , 3.2 , and 6.9 percent , respectively.1 10 This limited comparison of loan delinquency and default suggests that , although there were no exactly ...
... default rates . In my study of U.S. peer - group lending programs , group screening at the stage of group formation and loan review also reduced the likelihood of loan default at the group level ( Hung 2000 ) . More specifically , U.S. ...
James H. Carr, Zhong Yi Tong. thus preventing loan default . Therefore , helping peer - group members be- come ... defaults ( Hung 2000 ) . Relying entirely and only on peer groups may backfire , if program staff does not monitor ...