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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... rates in three of the four programs examined, as will be discussed in a later section, refutes this possibility—though not entirely. A more reasonable interpretation is that the mechanism of informal credit institutions in these ...
... rates between 7 and 15 percent, which is lower than the rates for alternative sources of credit—including informal credit in developing countries and credit cards in the United States. Developing-country informal credit market interest ...
... rates and loan performance. Developing- country program loans relative to various measures of income are equal to or ... rate (percent) n.a. n.a. n.a. Mudzi Fund, Northeast Carolina, Grameen, Malawi United States United States.
... rate has been regarded as the benchmark for similar programs. The arrears rate measures the proportion of loans that are late in regularly scheduled repayments. There are many ways to measure the arrears rate. Hulme and Mosley measure ...
... rates, like the relatively recent FINCA afμliates in Baltimore, rural Minnesota, and Washington, DC. However, the standard deviations of the U.S. averages for the arrears and default rates were also high—16.1 and 5.6 percent ...