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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... interest rates may run as high as 3 to 4 percent a month ( Wai 1992 ) . Some developing - country microcredit programs actually charged real interest rates in excess of 20 percent , up to almost 50 percent ( Morduch 1999 ) . But U.S. ...
... interest ratea ( percent ) 15 15 20 Norminal interest rate ( percent ) 20 16 n.a. Average loan sizea ( dollars ) 75 ... rates and loan performance . Developing- country program loans relative to various measures of income are equal ...
... rate would have long ceased operation . Conclusion After more than 10 years of trial and error , U.S. peer - group ... interest rates . This is another handicap to reaching a larger scale of operation . But peer - group lending ...
... interest rate , which provides low - income borrowers with predictable repayments . • Progressive loans are common ... rates than individual loans . SEWA offers individual unsecured housing loans , using guarantors as " moral ...
... interest - rate subsidies and cross - subsidization in low - income housing , which has led to an “ expectation ” of an environment of low interest rates in housing lending for the poor . Thus , in our opinion setting interest rates at ...