India's Microfinance Blues
Abhijit Banerjee of MIT discovered that only about 5Â percent of the 7,200 households that took money from Indian firm Spandana Sphoorty Innovative Financial Services managed to launch a business.
Abhijit Banerjee of MIT discovered that only about 5Â percent of the 7,200 households that took money from Indian firm Spandana Sphoorty Innovative Financial Services managed to launch a business.