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Global Microfinance Market Report 2024

Microfinance Global Market Report 2024 – By Service Type (Group And Individual Micro Credit, Leasing, Micro Investment Funds, Insurance, Savings And Checking Accounts, Other Service Types), By Providers (Banks, Micro Finance Institutions (MFI), NBFC (Non-Banking Financial Institutions), Other Provider), By Purpose (Agriculture, Manufacturing Or Production, Trade And Services, Household, Other Purposes), By End-Users (Small Enterprises, Micro Enterprises, Solo Entrepreneurs Or Self-Employed) – Market Size, Trends, And Global Forecast 2024-2033

Microfinance Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Microfinance Market Definition

Microfinance is a financial service aimed at providing small loans, savings, insurance, and other financial products to individuals or small businesses that lack access to traditional banking services. This service is primarily targeted at low-income populations who do not qualify for conventional bank loans due to lack of collateral, steady employment, or credit history.

The main types of services in microfinance are group and individual microcredit, leasing, microinvestment funds, insurance, savings and checking accounts, and others. Group and individual microcredit refers to small loans provided to individuals or groups with limited financial resources, aimed at supporting income-generating activities or small businesses. These loans can be provided by banks, microfinance institutions (MFIs), NBFCs (non-banking financial institutions), and others for various purposes, including agriculture, manufacturing or production, trade and services, households, and others. The end users of these services encompass small enterprises, microenterprises, and solo entrepreneurs or self-employed individuals.

Microfinance Market Segmentation

The microfinance market covered in this report is segmented –

1) By Service Type: Group And Individual Micro Credit, Leasing, Micro Investment Funds, Insurance, Savings And Checking Accounts, Other Service Types

2) By Providers: Banks, Micro Finance Institutions (MFI), NBFC (Non-Banking Financial Institutions), Other Provider

3) By Purpose: Agriculture, Manufacturing Or Production, Trade And Services, Household, Other Purposes

4) By End-Users: Small Enterprises, Micro Enterprises, Solo Entrepreneurs Or Self-Employed

Global Microfinance Market Size 2023 to 2028: Graph

Microfinance Market Size 2024 And Growth Rate

The microfinance market size has grown rapidly in recent years. It will grow from $193.85 billion in 2023 to $215.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased usage of digital technology, commercialization and sustainability, an increased focus on response lending, increased access to loan facilities, and a rise in the adoption of online platforms for lending.

Microfinance Market Growth Forecast

The microfinance market size is expected to see rapid growth in the next few years. It will grow to $330.98 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to evolving regulatory frameworks, an increasing focus on environmental sustainability, rising interest in socially responsible investing, growing demand for microfinance loans, and increasing financial inclusion. Major trends in the forecast period include the integration of cloud computing, biometrics and digital identity, microinsurance and parametric insurance, embedded payments and insurance, and standardization of digital operations.

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Microfinance Market Driver: Increasing Number Of SMEs Is Driving The Growth Of The Microfinance

The increasing number of small and medium-sized enterprises (SMEs) is expected to propel the growth of the microfinance market going forward. Small and medium-sized enterprises (SMEs) refer to businesses that are characterized by their relatively small scale in terms of revenue, assets, and number of employees. The number of SMEs is increasing due to a surge in entrepreneurial spirit, technological advancements lowering entry barriers, supportive government policies, and expanded global market access. Microfinance supports SMEs by offering crucial access to small loans and financial services, aiding in capital acquisition, cash flow management, and risk mitigation. For instance, in February 2024, according to a report published by Startups.co.uk, a UK-based provider of online resources and advice platforms, in 2023, new SME businesses surged by 19.5% to 39,966 establishments, reflecting a 6.5% increase from 2022, while overall incorporations grew by a modest 2% to 778,219 in 2022. Therefore, the increasing number of SMEs is driving the growth of the microfinance market.

Global Microfinance Market Major Players

Major companies operating in the microfinance market are Bank Rakyat Indonesia (BRI), Oliver Wyman Group, Bandhan Bank Limited, LendingClub Corporation, ASA International Group PLC, Accion International, Annapurna Finance Private Limited, PRASAC Microfinance Institution Ltd., Prosper Marketplace Inc, Madura Microfinance Ltd., Compartamos Banco, Pro Mujer International, Oikocredit International, Ujjivan Financial Services, Fundación Génesis Empresarial (FGE), Kiva Microfunds, Gojo & Company Inc., FINCA International, Fonkoze Financial Services S.A., Cashpor Micro Credit, Opportunity International, BSS Microfinance Limited, Asirvad Microfinance Limited

Global Microfinance Market Trend: Technological Advancement To Drive Innovation In The Microfinance

Major companies operating in the microfinance market focus on developing innovative solutions with technological advancements, such as digital microfinance platforms, to enhance accessibility, streamline operations, and improve financial inclusion for underserved populations. A digital microfinance platform is an online or mobile-based system that provides financial services such as microloans, savings accounts, and insurance to underserved individuals and small businesses. For instance, in April 2021, Eamar Microfinance, a Nigeria-based microfinance company, launched pilot phase of Yemen's first digital microfinance platform to help clients and communities by providing blended financial and non-financial digital services. This platform allows clients to digitally access financial and non-financial services, providing convenience and support to underserved communities. The platform includes services such as advisory support and training to facilitate access to e-money and transfers anytime and anywhere. This platform represents an effort to promote financial inclusion and support economic recovery during the country's ongoing humanitarian crisis.

Microfinance Market Merger And Acquisition: Kotak Mahindra Bank Acquired Sonata Finance Private Limited To Strengthen Microfinance Sector Presence

In March 2024, Kotak Mahindra Bank, an India-based private sector bank, acquired Sonata Finance Private Limited for $64.56 million. Through this acquisition, Kotak Mahindra aims to bolster its position in the financial services sector by integrating Sonata Finance Private Limited's operations and leveraging its market presence. Sonata Finance Private Limited is an India-based non-banking finance company (NBFC) specializing in microfinance.

Regional Insights For The Global Microfinance Market

Asia-Pacific was the largest region in the microfinance market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the microfinance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the microfinance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The microfinance market includes revenues earned by entities by providing services such as microloans, microinsurance, money transfers, payment services, and financial education. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The microfinance market research report is one of a series of new reports from The Business Research Company that provides microfinance market statistics, including microfinance industry global market size, regional shares, competitors with a microfinance market share, detailed microfinance market segments, market trends and opportunities, and any further data you may need to thrive in the microfinance industry. This microfinance market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Microfinance Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $215.51 billion
Revenue Forecast In 2033 $330.98 billion
Growth Rate CAGR of 11.3% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Service Type: Group And Individual Micro Credit, Leasing, Micro Investment Funds, Insurance, Savings And Checking Accounts, Other Service Types
2) By Providers: Banks, Micro Finance Institutions (MFI), NBFC (Non-Banking Financial Institutions), Other Provider
3) By Purpose: Agriculture, Manufacturing Or Production, Trade And Services, Household, Other Purposes
4) By End-Users: Small Enterprises, Micro Enterprises, Solo Entrepreneurs Or Self-Employed
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Bank Rakyat Indonesia (BRI), Oliver Wyman Group, Bandhan Bank Limited, LendingClub Corporation, ASA International Group PLC, Accion International, Annapurna Finance Private Limited, PRASAC Microfinance Institution Ltd., Prosper Marketplace Inc, Madura Microfinance Ltd., Compartamos Banco, Pro Mujer International, Oikocredit International, Ujjivan Financial Services, Fundación Génesis Empresarial (FGE), Kiva Microfunds, Gojo & Company Inc., FINCA International, Fonkoze Financial Services S.A., Cashpor Micro Credit, Opportunity International, BSS Microfinance Limited, Asirvad Microfinance Limited
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    Table Of Contents

    1. Executive Summary

    2. Microfinance Market Characteristics

    3. Microfinance Market Trends And Strategies

    4. Microfinance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Microfinance Market Size and Growth

    5.1. Global Microfinance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Microfinance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Microfinance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Microfinance Market Segmentation

    6.1. Global Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Group And Individual Micro Credit

    Leasing

    Micro Investment Funds

    Insurance

    Savings And Checking Accounts

    Other Service Types

    6.2. Global Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Banks

    Micro Finance Institutions (MFI)

    NBFC (Non-Banking Financial Institutions)

    Other Providers

    6.3. Global Microfinance Market, Segmentation By Purpose, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Agriculture

    Manufacturing Or Production

    Trade And Services

    Household

    Other Purposes

    6.4. Global Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Small Enterprises

    Micro Enterprises

    Solo Entrepreneurs Or Self-Employed

    7. Microfinance Market Regional And Country Analysis

    7.1. Global Microfinance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Microfinance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Microfinance Market

    8.1. Asia-Pacific Microfinance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Microfinance Market

    9.1. China Microfinance Market Overview

    9.2. China Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Microfinance Market

    10.1. India Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Microfinance Market

    11.1. Japan Microfinance Market Overview

    11.2. Japan Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Microfinance Market

    12.1. Australia Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Microfinance Market

    13.1. Indonesia Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Microfinance Market

    14.1. South Korea Microfinance Market Overview

    14.2. South Korea Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Microfinance Market

    15.1. Western Europe Microfinance Market Overview

    15.2. Western Europe Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Microfinance Market

    16.1. UK Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Microfinance Market

    17.1. Germany Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Microfinance Market

    18.1. France Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Microfinance Market

    19.1. Italy Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Microfinance Market

    20.1. Spain Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Microfinance Market

    21.1. Eastern Europe Microfinance Market Overview

    21.2. Eastern Europe Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Microfinance Market

    22.1. Russia Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Microfinance Market

    23.1. North America Microfinance Market Overview

    23.2. North America Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Microfinance Market

    24.1. USA Microfinance Market Overview

    24.2. USA Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Microfinance Market

    25.1. Canada Microfinance Market Overview

    25.2. Canada Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Microfinance Market

    26.1. South America Microfinance Market Overview

    26.2. South America Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Microfinance Market

    27.1. Brazil Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Microfinance Market

    28.1. Middle East Microfinance Market Overview

    28.2. Middle East Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Microfinance Market

    29.1. Africa Microfinance Market Overview

    29.2. Africa Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Microfinance Market Competitive Landscape And Company Profiles

    30.1. Microfinance Market Competitive Landscape

    30.2. Microfinance Market Company Profiles

    30.2.1. Bank Rakyat Indonesia (BRI)

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Oliver Wyman Group

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Bandhan Bank Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. LendingClub Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. ASA International Group PLC

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Microfinance Market Other Major And Innovative Companies

    31.1. Accion International

    31.2. Annapurna Finance Private Limited

    31.3. PRASAC Microfinance Institution Ltd.

    31.4. Prosper Marketplace Inc

    31.5. Madura Microfinance Ltd.

    31.6. Compartamos Banco

    31.7. Pro Mujer International

    31.8. Oikocredit International

    31.9. Ujjivan Financial Services

    31.10. Fundación Génesis Empresarial (FGE)

    31.11. Kiva Microfunds

    31.12. Gojo & Company Inc.

    31.13. FINCA International

    31.14. Fonkoze Financial Services S.A.

    31.15. Cashpor Micro Credit

    32. Global Microfinance Market Competitive Benchmarking

    33. Global Microfinance Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Microfinance Market

    35. Microfinance Market Future Outlook and Potential Analysis

    35.1 Microfinance Market In 2028 - Countries Offering Most New Opportunities

    35.2 Microfinance Market In 2028 - Segments Offering Most New Opportunities

    35.3 Microfinance Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Microfinance Market, Segmentation By Purpose, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Microfinance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Microfinance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Bank Rakyat Indonesia (BRI) Financial Performance
  • Table 76: Oliver Wyman Group Financial Performance
  • Table 77: Bandhan Bank Limited Financial Performance
  • Table 78: LendingClub Corporation Financial Performance
  • Table 79: ASA International Group PLC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Microfinance Market, Segmentation By Purpose, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Microfinance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Microfinance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Microfinance Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Microfinance Market, Segmentation By Providers, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Microfinance Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Bank Rakyat Indonesia (BRI) Financial Performance
  • Figure 76: Oliver Wyman Group Financial Performance
  • Figure 77: Bandhan Bank Limited Financial Performance
  • Figure 78: LendingClub Corporation Financial Performance
  • Figure 79: ASA International Group PLC Financial Performance

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Frequently Asked Questions

What is the definition of the microfinance market?

Microfinance is a financial service aimed at providing small loans, savings, insurance, and other financial products to individuals or small businesses that lack access to traditional banking services. This service is primarily targeted at low-income populations who do not qualify for conventional bank loans due to lack of collateral, steady employment, or credit history. For further insights on the microfinance market, request a sample here

How will the microfinance market drivers and restraints affect the microfinance market dynamics? What forces will shape the microfinance industry going forward?

The microfinance market major growth driver - Increasing Number Of SMEs Is Driving The Growth Of The Microfinance. For further insights on the microfinance market, request a sample here

What is the forecast market size or the forecast market value of the microfinance market?

The microfinance market size has grown rapidly in recent years. It will grow from $193.85 billion in 2023 to $215.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased usage of digital technology, commercialization and sustainability, an increased focus on response lending, increased access to loan facilities, and a rise in the adoption of online platforms for lending. The microfinance market size is expected to see rapid growth in the next few years. It will grow to $330.98 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to evolving regulatory frameworks, an increasing focus on environmental sustainability, rising interest in socially responsible investing, growing demand for microfinance loans, and increasing financial inclusion. Major trends in the forecast period include the integration of cloud computing, biometrics and digital identity, microinsurance and parametric insurance, embedded payments and insurance, and standardization of digital operations. For further insights on the microfinance market, request a sample here

How is the microfinance market segmented?

The microfinance market is segmented
1) By Service Type: Group And Individual Micro Credit, Leasing, Micro Investment Funds, Insurance, Savings And Checking Accounts, Other Service Types
2) By Providers: Banks, Micro Finance Institutions (MFI), NBFC (Non-Banking Financial Institutions), Other Provider
3) By Purpose: Agriculture, Manufacturing Or Production, Trade And Services, Household, Other Purposes
4) By End-Users: Small Enterprises, Micro Enterprises, Solo Entrepreneurs Or Self-EmployedFor further insights on the microfinance market, request a sample here

Which region has the largest share of the microfinance market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the microfinance market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the microfinance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the microfinance market, request a sample here.

Who are the major players in the microfinance market?

Major companies operating in the microfinance market are Bank Rakyat Indonesia (BRI), Oliver Wyman Group, Bandhan Bank Limited, LendingClub Corporation, ASA International Group PLC, Accion International, Annapurna Finance Private Limited, PRASAC Microfinance Institution Ltd., Prosper Marketplace Inc, Madura Microfinance Ltd. , Compartamos Banco, Pro Mujer International, Oikocredit International, Ujjivan Financial Services , Fundación Génesis Empresarial (FGE), Kiva Microfunds, Gojo & Company Inc., FINCA International, Fonkoze Financial Services S.A., Cashpor Micro Credit, Opportunity International, BSS Microfinance Limited, Asirvad Microfinance Limited For further insights on the microfinance market, request a sample here.

What are the key trends in the microfinance market?

Major trend in the microfinance market - Technological Advancement To Drive Innovation In The Microfinance . For further insights on the microfinance market, request a sample here.

What are the major opportunities in the microfinance market? What are the strategies for the microfinance market?

For detailed insights on the major opportunities and strategies in the microfinance market, request a sample here.

How does the microfinance market relate to the overall economy and other similar markets?

For detailed insights on microfinance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the microfinance industry?

For detailed insights on the mergers and acquisitions in the microfinance industry, request a sample here.

What are the key dynamics influencing the microfinance market growth? SWOT analysis of the microfinance market.

For detailed insights on the key dynamics influencing the microfinance market growth and SWOT analysis of the microfinance industry, request a sample here.