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Making Microcredit Work in the United States: Social, Financial, and Administrative Dimensions

Author

Listed:
  • Nitin Bhatt

    (Grant Thornton LLP)

  • Shui-Yan Tang

    (University of Southern California)

Abstract

Microcredit has gained increasing attention over the past decade as a tool for spurring grassroots entrepreneurship in the United States. Although some prominent microcredit programs have reportedly demonstrated positive economic effects on microloan recipients, many others have suffered from various social, financial, and administrative challenges. The authors examine these challenges by drawing on existing studies and their own in-depth analysis of two of the oldest microcredit programs in California. The authors conclude by discussing possible strategies for addressing these problems.

Suggested Citation

  • Nitin Bhatt & Shui-Yan Tang, 2001. "Making Microcredit Work in the United States: Social, Financial, and Administrative Dimensions," Economic Development Quarterly, , vol. 15(3), pages 229-241, August.
    • Handle: RePEc:sae:ecdequ:v:15:y:2001:i:3:p:229-241
    DOI: 10.1177/089124240101500303
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    References listed on IDEAS

    as
    1. Bennett, L. & Goldberg, M., 1993. "Providing Enterprise Development and Financial Services to Women, A Decade of Bank Experience in Asia," Papers 236, World Bank - Technical Papers.
    2. Timothy Bates & Lisa Servon, 1998. "Microenterprise As An Exit Route From Poverty:* Recommendations For Programs And Policy Makers," Working Papers 98-17, Center for Economic Studies, U.S. Census Bureau.
    3. Ralph Chami and Jeffrey H. Fischer, 1995. "Community Banking, Monitoring, and the Clinton Plan," Cato Journal, Cato Journal, Cato Institute, vol. 14(3), pages 493-508, Winter.
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    Cited by:

    1. Caserta, Maurizio & Monteleone, Simona & Reito, Francesco, 2018. "The trade-off between profitability and outreach in microfinance," Economic Modelling, Elsevier, vol. 72(C), pages 31-41.
    2. Shamima Nasrin & Rajah Rasiah & Angathevar Baskaran & Muhammad Mehedi Masud, 2018. "What determines the financial performance of microfinance institutions in Bangladesh? a panel data analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(3), pages 1409-1422, May.
    3. Aggarwal, Raj & Goodell, John W. & Selleck, Lauren J., 2015. "Lending to women in microfinance: Role of social trust," International Business Review, Elsevier, vol. 24(1), pages 55-65.
    4. Sefa Awaworyi Churchill, 2018. "Sustainability and depth of outreach: Evidence from microfinance institutions in sub‐Saharan Africa," Development Policy Review, Overseas Development Institute, vol. 36(S2), pages 676-695, September.
    5. Raj Aggarwal & John Goodell, 2013. "Lending to women in microfinance: influence of social trust and national culture Lending to women in microfinance: influence of social trust and national culture," Working Papers (Old Series) 1317, Federal Reserve Bank of Cleveland.
    6. Sefa Awaworyi Churchill, 2017. "Microfinance and Ethnic Diversity," The Economic Record, The Economic Society of Australia, vol. 93(300), pages 112-141, March.

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