Small business lending programs designed to move disadvantaged low-income people into business ownership have been difficult to implement successfully in the U.S. context. Based in part on the premise that financing requirements are an entry barrier limiting the ability of aspiring entrepreneurs...

In the past decade, many microcredit programs havebeen created in the United States that replicate designs features of theircounterparts in the third world. The determinants of loan repayment are studiedfor four of the oldest microcredit programs in the US: the NeighborhoodEntrepreneurship...

Microcredit loan programs are known to have highrepayment rates. This study examines the program structures of peer grouplending programs (PGLPs) as one component that helps to bring this about.Attempts to determine whether the program rules trigger the desiredbehavior of participants and staff...