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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... assets as of the end of December 1998 ( Bank One 1998 ) . This relatively small asset base places a constraint on the amount of loans that community development banks can originate . Since 1973 , South Shore has originated about 12,500 ...
... asset components that is “ housing . ” 10 The Demand for Microlending for Housing . Another question remains , however : Is there effective demand in the United States for microlending for housing — presumably for households with lower ...
... to cover their costs ( including a reasonable return on assets and equity that allows them to grow ) . Table 10.1 Illustrative Comparison of Mortgage Finance , Microenterprise Finance MICROFINANCE OF PROGRESSIVE HOUSING 301.
... assets . Despite its advantages , microfinance raises a new set of issues related to the difficulty of making small loans to low- and moderate - income families profitable . Mortgage finance is profiled in the first column of table 10.1 ...
... assets better fit the short - term liabilities available in loan portfolios in developing countries , and substantially re- duce the risks of term mismatch.7 More broadly , financial institutions in emerging - market countries often ...