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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... risk . Credit risk has two components — one is the lender's perception of the borrower's willingness to repay a loan ; the other is the lender's perception of the borrower's ability to repay the loan . The former can be called ...
... risk . A borrower , however , has complete control of character risk and only partial control of project risk . In a typical commercial loan transaction , a lender may use various methods to evaluate and mitigate credit risk . For ...
... risk rather than character risk . But character risk also plays an important role in a person's recovery from bankruptcy . There is a difference between continuing to accumulate debt versus staying strictly within one's means after ...
... risk ) but not in their ability to re- pay by generating enough cash flow from the proposed businesses ( high project risk ) . Thus , peer - group lending programs in the United States face a more daunting task than their developing ...
... risk — her willingness to repay a loan , by virtue of establishing a norm of mutual responsibility of loan repayment . But it would be poorly targeted to improve the borrower's project risk — her ability to repay the loan , which the ...