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Possible Solutions to the Problems of Microfinance Organizations with the Application of Intelligent Methods of Machine Learning

https://doi.org/10.26794/2220-6469-2018-12-2-66-71

Abstract

The authors consider the problems associated with the activities of microfinance organizations, and directions to eliminate them. The subject of the study is the need to introduce machine learning to solve urgent problems. Machine learning methods are increasingly being implemented to analyze financial and economic information, which reduces and eliminates some of the difficulties. Although currently these methods are not widely used in the field of microfinance institutions (MFIs), there are opportunities for their application. The aim of the work is to determine the prospects for the use of these methods in MFOs. The article describes the subject area of research, associated with MFIs. The authors identify the main groups of problems related to MFOs, consider the possibility of introducing machine learning for data analysis in this area and determine the main directions of the possible use of machine learning for MFIs. The authors concluded that such methods are applicable for assessing the performance of MFIs.

About the Authors

A. V. Zolotaryuk
Financial University
Russian Federation

Cand. Sci. (Tech.), Associate Professor, Department of data analysis, decision-making and financial technologies, 

Moscow



I. A. Chechneva
Financial University
Russian Federation

Master of Science, Faculty of Applied Mathematics and Information Technology, 

Moscow



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For citations:


Zolotaryuk A.V., Chechneva I.A. Possible Solutions to the Problems of Microfinance Organizations with the Application of Intelligent Methods of Machine Learning. The world of new economy. 2018;12(2):66-71. (In Russ.) https://doi.org/10.26794/2220-6469-2018-12-2-66-71

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ISSN 2220-6469 (Print)
ISSN 2220-7872 (Online)