Introduction

In recent years, microfinance institutions have become a crucial player in providing financial services to the unbanked and underbanked populations around the world. These institutions have been instrumental in promoting financial inclusion and empowering individuals to improve their livelihoods through access to credit. However, one of the key challenges faced by microfinance institutions is the assessment of creditworthiness of potential borrowers, especially in the absence of traditional credit history.

Psychometric credit scoring has emerged as a promising alternative to traditional credit scoring methods in the context of microfinance. By utilizing psychometric assessments, which measure psychological and behavioral characteristics of individuals, microfinance institutions can better predict the creditworthiness of borrowers and mitigate the risk of default. This thesis aims to explore the effectiveness of psychometric credit scoring in enhancing the accuracy and efficiency of credit assessment for microfinance institutions.

Table of Contents

Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of Terms

Chapter 2: Literature Review
2.1 Overview of Microfinance
2.2 Traditional Credit Scoring Methods
2.3 Psychometric Credit Scoring
2.4 Empirical Studies on Psychometric Credit Scoring
2.5 Challenges and Criticisms of Psychometric Credit Scoring
2.6 Adoption of Psychometric Credit Scoring in Microfinance
2.7 Regulatory Framework for Psychometric Credit Scoring
2.8 Comparison of Psychometric Credit Scoring with Traditional Methods
2.9 Future Trends in Psychometric Credit Scoring
2.10 Summary of Literature Review

Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sample Selection
3.4 Variables and Measurements
3.5 Data Analysis Techniques
3.6 Ethical Considerations
3.7 Research Limitations
3.8 Research Validity and Reliability

Chapter 4: Discussion of Findings
4.1 Descriptive Analysis of Sample Population
4.2 Psychometric Credit Scores and Borrower Characteristics
4.3 Predictive Power of Psychometric Credit Scoring
4.4 Comparison with Traditional Credit Scoring Methods
4.5 Implications for Microfinance Institutions
4.6 Recommendations for Future Research

Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusions
5.3 Practical Implications
5.4 Limitations of the Study
5.5 Recommendations for Microfinance Institutions
5.6 Contributions to Existing Literature
5.7 Future Research Directions

Overall, this thesis aims to contribute to the existing body of knowledge on the use of psychometric credit scoring in microfinance and provide valuable insights for practitioners, policymakers, and researchers in the field. By examining the effectiveness and implications of psychometric credit scoring, this study seeks to enhance the accessibility and sustainability of financial services for underserved populations.

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