Replicating Microfinance in the United States"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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These programs extend loans to low-income individuals to start and maintain small businesses called microenterprises. The early successes of these programs have prompted the development of similar programs in both developing and ...
Bank's maximum-asset requirement of 0.5 acre of land, with the landless poor as its target clientele. ... Similarly, only 42 percent of the U.S. sample programs targeted low- income residents in the community. Even for these programs, ...
Promoting Microcapitalism in the Service of the Poor: The Grameen Model and Its Cross-Cultural Adaptation. ... Managing Credit for the Rural Poor: Lessons from the Grameen Bank. ... In Informal Finance in Low-Income Countries, ed.
9 Microμnance and Low- and Moderate-Income Lending for Housing in Emerging Markets and the United States SALLY R. MERRILL AND KENNETH TEMKIN In the developing world, microμnance for housing is a newly emerging μnancial discipline, ...
approaches to low-income housing have nowhere been able to keep up with need. In addition, although traditional nongovernmental organization (NGO) project-based efforts for land acquisition and housing have served a crucial role, ...