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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... mortgage , a student 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 ...
... mortgage finance , but as a financial tool with unique characteristics to help overcome the numerous barriers to funding low- and moderate - income lending . Simply attempting to go " downmarket " with traditional mortgage finance ...
... mortgage finance , such as racial discrimination , geographic discrimination ( either from “ redlining ” or lack of access ) , and financial barriers , such as lack of credit history , poor credit history , variable income , or lack of ...
... mortgage - based collateral . • It also uses flexible underwriting , alternative loan products ; and shorter- duration loans . • Like microlending , it poses higher transaction costs than traditional 2. See Ferguson and Haider ( 2000 ) ...
... mortgage finance . Many governments have attempted to assist LMI housing with subsidies and ef- forts to engage the private sector — both financial institutions and com- munity groups — to aid in the process . Private - sector ...