Skip to main content
Support
Book

Replicating Microfinance in the United States

Replicating Microfinance in the United States, edited by James H. Carr and Zhong Yi Tong

Publisher

Woodrow Wilson Center Press with Johns Hopkins University Press, 2002

ISBN

1-930365-10-1 hardcover; 1-0939365-11-X paperback
Replicating Microfinance in the United States, edited by James H. Carr and Zhong Yi Tong

Overview

Chapters

Reviews

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 Microfinance 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. This book reviews experiences in both developing and industrial 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.

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.

James H. Carr is senior vice president for innovation, research, and technology at the Fannie Mae Foundation. Zhong Yi Tong is senior research fellow in housing finance and economics.