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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... loans (microloans) in these microcredit programs. Some are individual loans like a regular bank loan. Some micro- loans are group based—individual borrowers have to form groups in order The author thanks three anonymous referees for ...
James H. Carr, Zhong Yi Tong. to apply for these loans . Programs providing these group - based micro- loans , such ... loan . When a group member is delinquent in loan repayment , the rest of the group cannot apply for another loan or ...
... Loans are usually granted to in- dividuals . One borrower's credit risk does not usually affect another bor- rower's credit risk and access to loans , unless there are massive defaults in the same credit market . The methodology of ...
... loans . But this last fact might have no bearing on the creditworthiness of the borrowers themselves , because they applied for the loans as individuals , not families . In contrast , only 22 percent of the U.S. sample borrowers had not ...
... loan , a car loan , or other consumer loans before joining the corresponding microcredit programs . Fifty - one percent of them had a bank account or had used credit cards , or both . In addition , for 69 percent of the U.S. borrowers ...