A Scoring Model of the Risk of Costly Arrears at a Microfinance Lender in Bolivia

Mark Schreiner

(2004) Journal of Microfinance, Vol. 6, No. 2, pp. 65–88.

Can scoring models help microlenders in poor countries as much as they have helped credit-card lenders in rich countries? This paper presents a scorecard that predicts the probability that loans from a microlender in Bolivia will have arrears of 15 days or more. Although arrears in microfinance depend on many factors difficult to include in scorecards, the paper shows that inexpensive, simple-to-collect data does have some predictive power. In microfinance, scoring will not replace loan officers, but it can flag high-risk cases and act as a cross-check on loan officer’s judgment.

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