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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... evaluate and mitigate credit risk . For instance , a lender may check a borrower's credit history to determine her credit risk . The lender may also require a marketable asset to serve as collateral , to ameliorate character risk . The ...
... evaluating loan applications . These technologi- cal changes , according to the GSES , make underwriting fairer , faster , and cheaper . Fannie Mae and Freddie Mac also allow underwriters to evaluate loan applications from borrowers who ...
... evaluations of creditworthiness and structuring lending arrangements . Lease - to - Buy Approach . In cases where lenders are concerned about the ability of the household to make payments on the mortgage , a lease - to - buy approach ...
... Evaluation of individual household income and creditworthiness , and of property title and value . Payment amounts based on applying standard ratios to current income of house- hold ; mortgage payment must not Microenterprise finance ...
... evaluation of home improve- ment plans and costs , title verifica- tion , supervised construction , and progress payments ( often to contractor or building supplier ) are often required Paralegal liens on property that cost less than a ...