Microcredit in the US: an alternative economic survival strategy

  • L. J. Servon (1992). Berkeley Planning Journal, 148-156
  • Abstract: Since the introduction of the first US microenterprise program in 1983, more than 100 have been started. This paper locates microcredit programs in the cultural climate of the US by looking at one example, the Chicago-based women's self-employment project (WSEP), and examining how it has responded to its political and economic environment. The first two sections, entitled "the women's self-employment project' and the full circle fund,' describe the program's agenda and operational structure. The next three sections discuss why private non-profits, rather than the public or for-profit private sector, fund US microcredit programs. The "challenges and strategies' section looks at recent attempts to collectivize programs and to lobby for change. A section entitled "the gender question' provides a rationale for targeting microcredit programs specifically to women. The paper ends with a discussion of what microcredit programs in the US have accomplished thus far and what they might hope to accomplish, given the proper support, in the future. -from Author
  • Theme: Finance, Policy/support programmes
  • Keywords: credit targeting, economic strategy, microcredit programme, self-employment, women's project, USA, Illinois, Chicago
  • Reference type: Journal Article
  • Geographic location: United States, North America, Global North
  • Quality:
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