Replicating Microfinance in the United States
James 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.
النتائج 6-10 من 100
... costs of starting and running a microenter- prise in the informal economy of developing countries. But operating in the formal and integrated U.S. economy, even at the community or neighborhood level, is a vastly different scenario ...
... costs among group members Lower—smaller loan fund economy transaction costs; training helps, but not enough Field research outcome Number of programs 1992 and 1994 Directory.
... costs than traditional mortgage credit. Extensive outreach, homeowner counseling, and ag- gressive servicing. 2. See Ferguson and Haider (2000) for a discussion of funding the incremental building process. 3. In October 2001, CashBank ...
... Costs. It is not surprising that the costs of microμnance for housing are higher than those for conventional mortgage banking, perhaps because of higher transaction costs as much as higher credit risk. Risk-based pricing is an essential ...
... costs. Conversely, policymakers, regulators, and bank managers must together struggle with covering “true” risk while avoiding the hazards of inefμciency or “gouging.” Although risk-based pricing is an important issue in microμnance, it ...