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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... outreach . • It provides small , short - term loans , often with rollover or repeat features . • The loans frequently use nonmortgage collateral or are unsecured . • The funding may be designed for incremental housing , rehabilitation ...
James H. Carr, Zhong Yi Tong. mortgage credit . Extensive outreach , homeowner counseling , and ag- gressive servicing are common features . • It may be mandated with legislation or public - private partnerships and may be combined with ...
... outreach , counseling , and servicing . In most emerging - market nations , a greatly expanded set of problems has shaped LMI lending . LMI — and especially microloan borrowers not only have no formal credit history and no experience ...
... outreach , counseling , underwriting , and servicing ; the financial institutions provide structure and guidance , credit , savings facilities , and most important , a source of sustainable funding . One of the best - known partnerships ...
... outreach and servicing . Income barriers include a liquidity constraint — inadequate down payment— and a payment constraint ( i.e. , unacceptably high ratios of payment to income relative to the available housing stock ) . In these ...