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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... limited number of banks with a community or low-income focus, which we denote as niche or alternative lenders. Worldwide, there has been increasing commercialization of microenter- prise μnance (Baydas, Graham, and Valenyuela 1997) ...
... limited number of cases through partnerships. NGOs have formed partnerships with μnancial institutions, charitable groups, and international donors, with each member of the partnership following its comparative advantage. The NGO ...
... limits the participation of those with informal income, which in many emerging markets is the main form of livelihood for low-income households. Loan Products and Lending Procedures in Emerging Markets Because we have broadly deμned ...
... Limited 1997). Borrowers with little or no banking experience generally require assistance in understanding the process of obtaining and paying off a loan, or architectural assistance for housing borrowers using self-help construction ...
... limiting macroeconomic factor. High (and also variable) in×ation is a key problem; if in×ation can be subdued, LMI lenders are at least put in a better position to overcome affordability barriers. Equally important are systemic barriers ...