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 ...
... 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 ...
... outreach , counseling , and aggressive servicing are prime examples . Thus , it is often a matter of whether the details of LMI lending schemes formulated in the United States can offer some value added . This would have to be ...
... outreach Yes Yes Yes Yes Risk - based pricing Yes Yes Yes Yes Combining savings , credit , Yes Yes Yes Yes and subsidy Secondary mortgage Yes Not yet ? No n.a. market funding Credit enhancement in Yes Not yet ? No n.a. secondary markets ...
... outreach , effectiveness , and sustainability of microfinance institutions and activities in the United States . Conference participants included leaders of nationally recognized micro- finance institutions , senior government officials ...