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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... reason to modify the rule may be practical. If group membership Table 8.2 A Comparison of Peer-Group Lending Programs—Design Features Source: 7. Actually, three of the U.S. programs are FINCA afμliates that require a peer group to raise ...
... reason may be the limitation of the rule itself. The joint-liability rule is best used to improve a group member's character risk—her willingness to repay a loan, by virtue of establishing a norm of mutual responsibility of loan ...
... reason that the U.S. programs have not reached the scale of operation of those in developing countries. But raising the initial loan size may increase these programs' exposure to credit risk. If anything, U.S. programs have reduced the ...
... reasons. First, all the developing- country programs require weekly meetings, whereas biweekly or monthly meetings are the norm for the U.S. programs. Second, because of physical distance, U.S. peer-group members are much less likely ...
... reasons, including lack of title, lack of ability to evict or foreclose, or lack of a completed dwelling in the case of progressive housing, nonmortgage collateral is required. For some lenders, loans may simply be unsecured, and ...