Banerjee, Abhijit V. - 2013
-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch … those slums. Fifteen to 18 months after Spandana began lending in treated areas, households were 8.8 percentage points more …. Three to four years after the initial expansion (after many of the control slums had started getting credit from Spandana …