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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... Wide Web site ( < http : //www.grameen foundation.org > ) , the number of Grameen borrowers increased to more than 2.3 million by 2001 . developing - country programs , KREP and Mudzi Fund , 228 Chi - kan Richard Hung.
... increasing demand and emphasis on business skills in U.S. programs reflects the more complex business environment in the integrated economy , even for a local community , than the village economy in these developing countries . When ...
... increases to larger loans . Al- though the maximum loan size is $ 10,000 for U.S. programs , almost seven times ... increase these programs ' exposure to credit risk . If anything , U.S. programs have reduced the initial loan size ...
... increase the scale of the experiment . Active borrower participation in peer - group operation must start early in the group formation and loan approval process , so that the social capi- tal built up gradually may be mobilized to ...
... increasing commercialization of microenter- prise finance ( Baydas , Graham , and Valenyuela 1997 ) . There are also recent examples of banks entering into partnerships with NGOS or establishing separate divisions for microenterprise ...