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Microfinance institutions using AI, machine learning to disburse more loans

Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies

Topics
microfinance institutions | Artificial intelligence | Data analytics

Shivani Shinde 



chartmicrofinance
Imaging: Ajay Mohanty

Rajesh Kumar (name changed), a member of micro finance firm Cashpor Micro Credit, managed to get a loan of Rs 200,000 in March this year — the first time that he had got such a big loan amount approved.

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First Published: Mon, May 17 2021. 06:10 IST

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