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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... households in numerous countries, but is especially so for low-income households. Second, for mortgage collateral to be effective, the lender also must be able to foreclose and evict—which in some emerging economies is either nearly ...
... households. The housing μnance sectors of many emerging-market nations are relatively undeveloped. In very-low-income countries, housing μnance lending by commercial banks may be extremely limited, even for upper-income households. Lack ...
... households. The Home Finance Corporation in Ghana has sought to develop an overall housing μnance system, whereas DeltaBRAC, a new joint venture in Bangladesh between the NGO BRAC and the Delta Insurance Group, is the μrst housing ...
... households who in any given month cannot meet their repayments. Savings Federations. Savings groups have also been an integral part of microenterprise. SPARC has taken this concept one step farther and helped create a Federation of ...
... households. Loan Products and Lending Procedures in Emerging Markets Because we have broadly deμned microμnance for housing to include both LMI loans and microloans, the range of loan sizes and terms is quite large. Nevertheless ...