Replicating Microfinance in the United States
James 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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... families. In contrast, only 22 percent of the U.S. sample borrowers had not received any prior loan from the formal credit market. Unlike the. 5. There is a discrepancy in the lower bound of this number. Table 3.3 in (Humle and Mosley ...
... families, assumed to be nonbankable in the formal sector, and for which the subsidies can be as high as 75 percent of the price of the dwelling. Prior household savings and a direct mortgage provided by the government complete the ...
... families. In large part, the housing μnance changes in the 1990s were prompted by legislative pressures, particularly through the Community Reinvestment Act of 1977 and the Federal Housing Enterprises Safety and Soundness Act (FHEFSSA) ...
... families and neighborhoods. As a result, the act contained three provisions: quantitative targets for purchases of loans made to low-income borrowers and in low-income and minority neighborhoods; a mandate that the GSEs “lead the ...
... families and residents of underserved communities, but do so in different ways (McLenighan and Tholin 1997; Vidal 1995). Community development banks are the largest, most sophisticated CDFIs. The 278 Sally R. Merrill and Kenneth Temkin.