AI-Powered Risk Assessment in Microfinancing Initiatives
In our microfinancing efforts, accurately assessing credit risk while remaining inclusive is a key challenge. We envision employing AI to analyze non-traditional data sources, such as mobile phone usage patterns and transaction histories, to develop more nuanced and inclusive credit risk models. This approach would enable us to extend credit to underserved individuals who lack traditional financial histories, potentially transforming microfinance’s reach and impact.
Research Question
Can AI improve risk assessment models in microfinancing to support more inclusive lending practices?
Goals
Fundraising and Financial Sustainability, Legal and Regulatory Compliance, Organizational and Program Effectiveness