AI Bridges the Credit Gap for Women-Led Businesses
A recent NITI Aayog report highlights a 22% rise in women borrowers, with 42% of loans used for consumption. This underscores the growing demand for credit among women and the need for inclusive lending solutions.
In the last six months, Scienaptic AI has helped enable 73 lakh (7,299,715) loan approvals for women entrepreneurs and micro-entrepreneurs—6.6 million through MFIs and over 633,000 through non-MFI channels. With AI-driven credit underwriting, lenders can expand access to underserved women while ensuring responsible lending.
As financial institutions increasingly turn to AI to enhance credit decisioning, this could be an interesting angle for a broader industry story on how technology is shaping women’s financial inclusion. We can connect you with Joydip Gupta, Head of APAC at Scienaptic who can share insights and data on the AI-driven transformation in lending, Rising Credit Demand Among Women, and The Role of Microfinance Institutions (MFIs) in Women’s Empowerment and Building a More Inclusive Financial System.
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