Bulletin of Electrical Engineering and Informatics
Vol 13, No 4: August 2024

Predicting the effects of microcredit on women’s empowerment in rural Bangladesh: using machine learning algorithms

Polin, Johora Akter (Unknown)
Sarker, Md. Fouad Hossain (Unknown)
Dolon, Mst Dilruba Khanom (Unknown)
Hasan, Nahid (Unknown)
Rahman, Md. Mahafuzur (Unknown)
Vasha, Zannatun Nayem (Unknown)



Article Info

Publish Date
01 Aug 2024

Abstract

This study aimed to predict the impact of microcredit on women’s empowerment in Bangladesh using machine learning (ML) algorithms. In rural Bangladesh, where microcredit programs are not significantly employed, data for the study was gathered through a survey. The study gathered data on a range of socioeconomic, demographic, and women’s empowerment indicators. The Naive Bayes (NB), sequential minimal optimization (SMO), k-nearest neighbor (k-NN), decision tree (DT), and random forest (RF) ML techniques were used in the investigation. In terms of the prediction of women’s empowerment, the findings indicated that all five algorithms performed well, with the DT having the highest level of accuracy (83.72%). The results of this study have significant consequences for Bangladesh’s microcredit programs and those in nations that are developing. Microcredit programs can focus their efforts on women who, based on their socioeconomic and demographic features, are most likely to benefit from the program by employing ML algorithms. This may result in more successful microcredit projects that support the empowerment of women and general socioeconomic growth.

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Journal Info

Abbrev

EEI

Publisher

Subject

Electrical & Electronics Engineering

Description

Bulletin of Electrical Engineering and Informatics (Buletin Teknik Elektro dan Informatika) ISSN: 2089-3191, e-ISSN: 2302-9285 is open to submission from scholars and experts in the wide areas of electrical, electronics, instrumentation, control, telecommunication and computer engineering from the ...