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They tweaked the credit-scoring software of a microfinance firm so that only a random subset of people with marginal credit histories were accepted as clients.
The monetary policy reaction has been similar on either side of the Atlantic, but marginal credit growth has produced less bang in Britain than in America.
Something like a tax-advantaged savings account to be used only for home buying might even encourage a few marginal credit risks to save a bit longer before making such a large financial commitment.
CompuCredit gives Aspire Visa cards to consumers with marginal credit histories.
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England, for example, have been 'backward planning' their World Cup goal for the best part of three years courtesy of Matt Parker, the guru of marginal gains credited for Britain's gold medal haul at the 2012 London Olympics.
Advocates counter that even if only 10% of the jobs receiving the credit were marginal hires, the policy would be cost-effective.
This in turn will trigger other regulatory and economic concerns, notably the withdrawal of credit to marginal groups, which will require more engagement with regulators and higher compliance costs tied to credit.
"And to the extent that you thought the stock market was reducing the country's wealth, the cost of credit for marginal borrowers was rising, you would want to factor those into your forecast and into your monetary policy decisions".
Finally, India's banks are well-capitalised and well-regulated, there is no domestic bad-loan crisis, and Indian banks have only a marginal exposure to overseas credit markets.Ironically, the current global situation is also making India's measured pace of economic reform look wiser than before.
Banks became the marginal buyer in the credit markets, absorbing 40% of net U.S. corporate issuance.
Moreover, the marginal influence of the credit period on sales is associated with the unrealized potential market demand.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com