A novel MABAC approach for multi-attribute group decision-making with single-valued neutrosophic sets: An application in assessing microfinance group lending performance

Abstract

In the 40 years of global microcredit practice, loan technology has played a positive role in microcredit as one of the most important supporting elements. The development and evolution of microcredit institution lending technology is the result of comprehensive consideration of specific regional economic, social, cultural, and geographical factors. In the context of the diversified trend of microcredit technology, choosing loan technology reasonably, exploring flexible guarantee conditions, and innovating diversified loan technology combinations will become practical problems faced by microcredit institutions, and also the direction of theoretical research. The timely innovation of group loan technology in microcredit has practical value and theoretical significance for promoting the innovation of financial agricultural products in the implementation of China’s rural revitalization strategy, as well as bridging the theoretical controversy of microcredit loan technology. The performance evaluation of microfinance groups lending is a MAGDM issues. In this paper, the distances measures of single-valued neutrosophic sets (SVNSs) and maximizing deviation method (MDM) is used to obtain the attribute weight values. Based on the classical Multi-Attributive Border Approximation area Comparison (MABAC) method, the single-valued neutrosophic numbers MABAC (SVNN-MABAC) method is constructed for MAGDM under SVNSs. Finally, an example for performance evaluation of microfinance groups lending and some comparative decision analysis are constructed to verify the SVNN-MABAC model.