The idea and implementation of Microfinance has become a hot topic and is currently at the central stage in debates on poverty alleviation. Microfinance can be defined as the sustainable delivery of financial services to the poor that aims at creating a world in which as many poor households as possible, have access to a suitable range of financial services (Christen, Rosenberg and Jayadeva, 20...

A wide range of supervised classification algorithms have been successfully applied for credit scoring in non-microfinance environments according to recent literature. However, credit scoring in the microfinance industry is a relatively recent application, and current research is based, to the best of our knowledge, on classical statistical methods. This lack is surprising since the implementat...

The Reserve Bank of India and a closely associated institution, NABARD, have undertaken a wide range of activities designed to support microfinance. However, many of these have been "developmental" initiatives of a financially repressive nature (such as directed credit requirements and refinancing of loans to priority sectors) and have not contributed to the emergence of a sustainable microfina...

The microfinance sectors of Argentina and Cambodia differ greatly, but can therefore offer insight into the effects of varying levels of regulation within the industry. By comparing data from the two markets and conducting interviews with organizations and individuals, this paper provides a case study, which can be interpreted as an example for other regional markets with similar structures. Wi...

Performing interventions is a major challenge in economic policy-making. We propose causal strategic inference as a framework for conducting interventions and apply it to large, networked microfinance economies. The basic solution platform consists of modeling a microfinance market as a networked economy, learning the parameters of the model from the real-world microfinance data, and designing ...

Objective: The objective of this paper is to understand the scope of microfinance institutions (MFI) in financing medicine for health seeker of low economic strata people. The various challenges faced by the microfinance services providers in health and medicine in particular. Some Asian countries have been chosen to observe the medicine coverage strategies. This paper will use the data from na...

How can microfinance be expanded to include approaches to the problems facing poor and very poor people in developing countries when they become too old to support themselves? Microfinance clients have long been signalling their demand for such services by doing their best to use current microfinance products, such as microcredit, in ways that create assets that can help protect them in old age...

Performing interventions is a major challenge in economic policy-making. We propose causal strategic inference as a framework for conducting interventions and apply it to large, networked microfinance economies. The basic solution platform consists of modeling a microfinance market as a networked economy, learning the parameters of the model from the real-world microfinance data, and designing ...

Microfinance is defined as the provision of financial services to poor, disadvantaged and under-privileged members of society, particularly in developing countries. Since the success of the Grameen Bank in the late 1970s, microfinance has emerged as a sustainable and effective method of poverty alleviation and local financial development. Recent years have witnessed an unprecedented growth in t...

Evolution of Science and Engineering has led to the growth of several commercial applications. The wide spread implementation of commercial based applications has in turn directed the emergence of advanced technologies such as cloud computing. India has well proven itself as a potential hub for advanced technologies including cloud based industrial market. Microfinance system has emerged out as...