Evaluating Financial Inclusion in Peru: A Cluster Analysis Using Self-Organizing Maps

This study evaluates financial inclusion in Peru through self-organizing maps. Financial inclusion is a multidimensional issue of great importance on the global agenda and continues to concern various actors internationally. In this context, the objective is to assess the financial inclusion situation in the country and determine how self-organizing maps can complement standard models for this purpose. The empirical aim is to demonstrate how this technique can help identify priority areas and vulnerable groups, thus facilitating decision-making and policy design to improve the access to and use of financial services among Peruvian consumers by finding clearly defined profiles that allow the identification of potential problems within each category. This makes it possible to create customized strategies for each group, such as addressing the financial inclusion barriers faced by rural residents, compounded by low income and educational levels.

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Publication Details

Journal
Journal of risk and financial management
Published
2024-12-04
DOI
https://doi.org/10.3390/jrfm17120549
Citations
1
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
1.13

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article

Evaluating Financial Inclusion in Peru: A Cluster Analysis Using Self-Organizing Maps

Luis Benites, Alejandro Aybar-Flores, Alvaro Talavera, Rocío Maehara et al.
1 citations
Journal of risk and financial management
Microfinance and Financial Inclusion
1.13
article

Evaluating Financial Inclusion in Peru: A Cluster Analysis Using Self-Organizing Maps

Luis Benites, Alejandro Aybar-Flores, Alvaro Talavera, Rocío Maehara, Benjamin Arriaga
article en
1 citations

Abstract

This study evaluates financial inclusion in Peru through self-organizing maps. Financial inclusion is a multidimensional issue of great importance on the global agenda and continues to concern various actors internationally. In this context, the objective is to assess the financial inclusion situation in the country and determine how self-organizing maps can complement standard models for this purpose. The empirical aim is to demonstrate how this technique can help identify priority areas and vulnerable groups, thus facilitating decision-making and policy design to improve the access to and use of financial services among Peruvian consumers by finding clearly defined profiles that allow the identification of potential problems within each category. This makes it possible to create customized strategies for each group, such as addressing the financial inclusion barriers faced by rural residents, compounded by low income and educational levels.

Journal of risk and financial managementVol. 17(12)
University of the Pacific (PE)
Universidad del Pacífico
Reduced inequalities
Openalex Percentile: Top 11%
Microfinance and Financial Inclusion
1.13
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