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See The CRA Handbook (McGraw Hill, 1998) for CRA stats
In a message dated 5/3/99 5:10:53 PM Eastern Daylight Time,
I have sought this answer elsewhere and come up dry. I am sure this list
can help so I'll thank you all in advance. Feel free to answer me
directly, if you wish.
I work in microfinance in Africa. It, like CRA and the like, can be
profitable. But, as you know, the commercial financial institutions
don't recognize this.
What are sources of statistics to support the CRA (or other similar
programs) as profitable investments? I want to use this information in
order to more fully undergird the arguments for corporate investment in
microfinance in the developing world. Any and all leads welcome.
Quantitative (cost vs. benefit statistics) and qualitative (i.e., federal
government subsidies to banks) arguments supporting CRA are found in The CRA
Handbook (McGraw Hill, 199 and Community Reinvestment Performance (1993).
Both books are summarized with a detailed table of contents at
www.CRAHandbook.com. Also, check out the
NCRC website at
Good luck in your microfinance efforts. I only hope that there is not a
Senator Phil Gramm clone in African politics!
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