Replicating Microfinance in the United States
James 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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... problem for the developing-country program clients than for their U.S. counterparts. The majority of developing-country sample borrowers (56–72 percent)5 had not borrowed from any source, including family and friends. This is so in ...
... problems. Practically none of the U.S. program participants had borrowed a business loan from a bank or similar ... problem of not being able to meet μnancial obligations, rather than not being willing to do so. In the language of the ...
... problems; and fellow members responded by collective fund raising to cover the delinquency. But there may be a limit to whether intragroup trust is always an asset to the loan program. There were isolated instances of group members, who ...
... working poor rather than the extremely poor. The latter have no alternative sources of income to cover loan repayments when a ×edging business runs into cash-×ow problems. In other words, programs with an FROM SOUTH TO NORTH 239.
James H. Carr, Zhong Yi Tong. runs into cash-×ow problems. In other words, programs with an economic development focus tend to be μnancially more sustainable than those with a poverty alleviation orientation. A Minimalist or Credit-Plus ...