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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... relatively modest assets , and are unable to originate large volumes of loans . Even South Shore , the oldest and largest community development bank in the country , currently has only a modest $ 840 million in deposits . In comparison ...
... relatively low level of capital , CDFIs can take steps to in- crease their service of low - income homebuyers . The Center for Community Self - Help , a Durham , North Carolina - based CDFI , recently implemented a highly innovative ...
... relative to mainstream lenders and developers , help to fill niche markets sometimes overlooked by housing market institutions . By demonstrating that these nevertheless are viable markets , these institutions can help connect under ...
... relative severity of the barrier . of mortgage collateral , and exacerbate risks . Many of. High and variable inflation Poor or no credit history Lack of borrower knowledge : Informal and / or variable income High ratio of payment to ...
... relative to the available housing stock ) . In these cases , becoming a homeowner requires modification of underwriting standards , subsidy as- sistance , or both ( as noted , it is not our purpose to discuss supplying lower- cost ...