I read about “microcredit finance” at the developing
world. Simply put, comparatively tiny loans to people
who
would otherwise be out of the banking loop. One
hypothetical application is $40 of bulk inventory for a
market stall.
I also read that quite a number of people at the
developing
world during the 20th century experienced intimate
partner harm.
One new application of microcredit could be microcredit
finance to get people out of abusive situations. People
could be AI/software screened as to their likelihood of
repayment, then anyone passing could instantly get Bus
or
cart-fare and a place for a month optimally in a new
town.
That group is screened as to likeliness of repayment.
The software could possibly do personality test screened
or
AI facial recognition forms of behavioral character
screening to prequalify loanees.
The behavioral correlation with face structure at AI is
published. Also, China says it can predict lawbreakers
from facial characteristics.
All that the lenders have to do is verify that the
repayment
screen causes higher repayment ratios than their existing
microcredit enterprises.
If rescuing an abused person has better repayment rates
than loaning to get market-stall inventory then the anti-
abuse microcredit can grow from its market advantage
alone.
Also, because it is software or AI the microcredit
company
can set the threshold (even if it just the upper 10% of AI
honest faces) at a figure that is better than the current
microcredit repayment figures.
Even if this provides a ready-rescue to only the most
honest looking 10% of the abused population that could
have represented millions of people getting out of
trouble
during the 20th century at the developing world.