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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... ( MFIs ) had become profitable . Sophisticated microfinance NGOs more and more grew to become banks ( BancoSol in Bolivia ) , or finance companies ( Caja los Andes in Bolivia ) by augmenting their capital bases and submitting to ...
... MFIs are diversify- ing into housing loans . At first , they lend mainly to their existing micro- enterprise borrowers with established credit histories . With experience , they start lending to others . In Bolivia , Cooperativa Jesús ...
... microenterprise finance , housing finance often carries term risk . The challenge faced by MFIs and other providers of housing finance is twofold . First , long - term loans contribute to credit risk MICROFINANCE OF PROGRESSIVE HOUSING 313.
... MFIs can deal with this problem by lending at variable rates so that their revenues rise and meet requirements for paying back higher rates on their liabilities . However , variable rates reallocate much of the interest - rate risk from ...
... MFIs that their assets are , indeed , secure . Rather than reducing the average weighted term of assets through hous- ing microfinance , some countries seek to reduce the cost of primary market mortgages or extend financial - sector ...