platform

A Microfinance Program in Rural Areas

This project would involve providing small loans to entrepreneurs in rural areas, enabling them to start or expand their businesses, which in turn can help lift communities out of poverty. Microfinance has been recognized as an effective tool in empowering individuals, especially women, and fostering economic development at the grassroots level.

Goal 01 Goal 05

Decision makers

Objective

To combat poverty, promote financial independence, and empower rural entrepreneurs (especially women) through microfinance, contributing to broader socio-economic development.

Interactive application

(none)

Data attributes

Context Attributes

  1. Region (Categorical): ['Sub-SaharanAfrica', 'SouthAsia', 'SoutheastAsia', 'LatinAmerica']
  2. EconomicStatus (Categorical): ['LowIncome', 'LowerMiddleIncome']
  3. PopulationDensity (Numerical, integer): Measured as people per square kilometer.
  4. UnemploymentRate (Numerical, integer): Percentage of the labor force that is jobless.
  5. GenderEqualityIndex (Numerical, integer): Measure of gender equality on a scale of 1 to 100, where 100 is full equality.
  6. FinancialInclusionRate (Numerical, integer): Percentage of adults with at least a basic bank account.
  7. AgriculturalDependency (Categorical): ['High', 'Medium', 'Low']
  8. EntrepreneurialActivityRate (Numerical, integer): Percentage of the population engaged in early-stage entrepreneurial activities.
  9. AccessToEducation (Categorical): ['Low', 'Medium', 'High']
  10. InternetAccessRate (Numerical, integer): Percentage of the population with access to the internet.

Action Attributes

  1. LoanAmount (Numerical, integer): Amount of money loaned (in USD).
  2. InterestRate (Numerical, integer): Annual interest rate (percentage).
  3. RepaymentPeriod (Numerical, integer): Duration of the loan repayment period (in months).
  4. TrainingProvided (Categorical): ['Yes', 'No']: Whether the borrowers receive financial literacy and business training.
  5. LoanFor (Categorical): ['Agriculture', 'Retail', 'Services', 'Manufacturing']

Outcome Attributes

  1. BusinessSuccessRate (Numerical, integer): Percentage of businesses that remain operational and profitable after one year.
  2. IncomeIncreaseRate (Numerical, integer): Average percentage increase in borrowers' income after one year.
  3. RepaymentRate (Numerical, integer): Percentage of loans repaid in full.
  4. EconomicImpactScore (Numerical, integer): Measure of the project's overall economic impact on the community on a scale of 1 to 100.
  5. Cost (Numerical, integer): Calculated based on LoanAmount, InterestRate, RepaymentPeriod, and operational costs.

Data

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Code

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References

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