Year: 2024
Type: article
Abstract: Setting the SceneSocial entrepreneurs working at the grassroots level are the backbone of sustainable economic development.They address critical social issues like poverty, unemployment, and lack of access to basic necessities through innovative and scalable solutions.However, their impact is often limited by resource constraints and the sheer volume of beneficiaries they cater to.Artificial intelligence (AI) has the potential to revolutionize this landscape by automating tasks, personalizing financial services, and facilitating data-driven decision making for microfinance institutions (MFIs) and social enterprises (Kaggwa et.AI.,2024).This chapter explores the transformative potential of AI in promoting inclusive microfinance and fostering financial inclusion for low-income communities.We delve into specific AI applications that can empower social entrepreneurs, enhance financial services delivery, and ultimately contribute to sustainable economic development.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4401821636