Microlending Global Market Report 2024

Microlending Global Market Report 2024 – By Provider (Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions), Other Provider), By End-User (Small Enterprises, Micro Enterprises, Solo entrepreneurs And self-employed) – Market Size, Trends, And Global Forecast 2024-2033

Name: Microlending Global Market Report 2024
Creator: The Business Research Company
License: https://www.thebusinessresearchcompany.com/privacy-policy

Microlending Global Market Report 2024

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

Purchase Options

Request a Sample

Request For Discount

Customise Your Report

Item added to cart!

Request For Proposal

Request For Regional Data

FAQs

Need assistance or more information before the purchase?

Enquire Before Buying

Proud Members Of

Microlending Market Definition

Microlending refers to microfinance that supports enterprises by lending small amounts for business expansion. The primary advantage of microlending is that it allows borrowers to take loan who do not have the sufficient assets to act as a guarantee or simply do not want to risk their assets.

The main providers of microlending are banks, microfinance institutes (MFI), nbfc (non-banking financial institutions), and other providers. A bank refers to a financial institution regulated at the federal level, state level, or both. Borrower usually uses micro-finance if they have poor credit, or if they want a loan smaller than what their bank would allow. These are used by various end-users such as small enterprises, micro-enterprises, solo entrepreneurs, and self-employed.

Microlending Market Segmentation

The microlending market covered in this report is segmented –

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

2) By End-User: Small Enterprises, Micro Enterprises, Solo entrepreneurs And self-employed

Global Microlending Market Size 2023 to 2028: Graph

Microlending Market Size 2024 And Growth Rate

The microlending market size has grown rapidly in recent years. It will grow from $190.29 billion in 2023 to $214.96 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to financial inclusion initiatives, entrepreneurship and small businesses, poverty alleviation programs, community development, women's empowerment.

Microlending Market Growth Forecast

The microlending market size is expected to see rapid growth in the next few years. It will grow to $345.4 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to digital financial services adoption, impact investing and social finance, emergence of fintech solutions, climate-smart lending, government support programs. Major trends in the forecast period include use of alternative data for credit assessment, employment of robotic process automation (RPA), focus on financial inclusion and rural microlending, flexible repayment models and microfinance products, regulatory framework development.

Book your 30 minutes free consultation with our research experts

Microlending Market Driver: The Rising Demand For Microlending Transforming Small And Medium Enterprises

The rising need for micro-lending among end-users, including micro-enterprises and small enterprises is expected to propel the growth of the microlending market going forward. Small and medium enterprises are organizations whose personnel and revenue numbers are below certain limits. Microlending helps small and medium enterprises to grow through small-dollar lending and helps them to prosper in their business. For instance, according to the world bank, a US-based international financial institution, and estimates of The International Finance Corporation (IFC), a member of the world bank group, it is estimated that approximately 65 million firms, and 40% of formal micro, small and medium enterprises (MSMEs) in developing countries, are in financial need of $5.2 trillion every year, which is equal to 1.4 times the current level of the global MSME lending. Further, MSME Growth, Innovation, and Inclusive Finance Project improved access to finance for MSMEs in India, which aims in lending $1.5 billion to startups by 2025. Therefore, rising demand for micro-lending among end-users, including micro-enterprises and small enterprises drives the microlending market.

Microlending Market Driver: Smartphone Adoption Fuels The Expansion Of The Microlending Market

The increase in the adoption of smartphones is expected to boost the growth of the microlending market going forward. A smartphone is a mobile communication device that combines the functionalities of a mobile phone with those of a handheld computer. Smartphones enable broader access to micro-lending services, reaching individuals in remote or underserved areas where traditional banking infrastructure may be limited. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison and switching service, 71.8 million mobile connections were active in 2022, which is an increase of 3.8% from 2021. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, the increase in the adoption of smartphones is driving the growth of the microlending market.

Global Microlending Market Major Players

Major companies operating in the microlending market report are Larsen and Toubro Ltd., ICICI Bank Ltd., Bajaj Finserv Ltd., HDB Financial Services Ltd., Bandhan Bank Ltd., LendingClub Corporation, Faulu Microfinance Bank Limited, MicroVest LLC, BlueVine Inc., Kiva Microfunds, Panamax Inc., Lendio Inc., Fusion Micro Finance Ltd., Accion International, Equitas Small Finance Bank Ltd., ESAF Small Finance Bank, Fincare Small Finance Bank Ltd., Ujjivan Small Finance Bank Ltd., Oakam Ltd., On Deck Capital Inc., Small Industries Development Bank of India, One Acre Fund, Samia African Microfinance Limited, FINCA International Impact Investments, Fonds National de Coopératives de Développement Economique et Sociale Agricole, Gray Ghost Ventures LLC, Elevar Equity LLC, Incofin Investment Management plc, ResponsAbility Investments AG, ImpactAssets Fund

Global Microlending Market Trend: Strategic Partnerships In The Microlending Market For Microbusinesses And Mfis

Major companies operating in the microlending market are adopting a strategic partnership approach to support microbusinesses and microfinance institutions. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in March 2021, The Microfinance Centre (MFC), a Poland-based finance network, partnered with Mastercard Inc., a US-based credit card company. The partnership will empower microfinance institutions to undergo a transformative shift, embracing and integrating digitization. This groundbreaking partnership aims to aid over 90 microfinance institutions (MFIs) and enhance the economic resilience of 300,000 small businesses throughout Europe and Central Asia, addressing the challenges posed by the pandemic.

Global Microlending Market Trend: Product Innovation Drives The Microlending Market

Major companies operating in the microlending market are developing innovative products, such as online platforms, to meet larger customer bases, increase sales, and increase revenue. An online platform refers to a digital environment or space accessible over the internet that facilitates the exchange of information, services, or products between users or between users and the platform itself. For instance, in June 2023, TMEDE, a Greece-based microlending institution, launched the Microlending Platform. The Microlending Platform, accessible through mobile or web applications, uniquely empowers users to seamlessly apply for loans directly from their mobile devices or PCs with just a few clicks. Distinguishing itself with rapid processing, approvals, and disbursements, TMEDE Microfinance Solutions ensures loans up to 25,000 euros are provided in less than 24 hours. This distinctive feature addresses diverse financial needs, including investment requirements, working capital, or settling outstanding debts, with unparalleled speed and convenience.

Microlending Market Merger And Acquisition:

Umba Digital Bank Acquired Daraja Microfinance Bank

In August 2022, Umba Digital Bank, an Africa-based bank acquired Daraja Microfinance Bank for an undisclosed amount. With this acquisition, the central bank of Kenya expands a microfinance banking industry that serves Kenya and the country, and Daraja MFB’s portfolio would be strengthened by the Umba investment. Daraja Microfinance Bank is a Kenya-based bank operating in microlending.

Regional Insights For The Global Microlending Market

Asia-Pacific was the largest region in the microlending market in 2023. The regions covered in the microlending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

The microlending market includes revenues earned by entities by providing loans and funds through group lending and individual lending. 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 microlending market research report is one of a series of new reports from The Business Research Company that provides microlending market statistics, including microlending industry global market size, regional shares, competitors with a microlending market share, detailed microlending market segments, market trends, and opportunities, and any further data you may need to thrive in the microlending industry. This microlending market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Microlending Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$214.96 billion
Revenue Forecast In 2033	$345.4 billion
Growth Rate	CAGR of 12.6% 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 Provider: Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions), Other Provider 2) By End-User: Small Enterprises, Micro Enterprises, Solo entrepreneurs And 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 for an additional fee: 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	Larsen and Toubro Ltd.; ICICI Bank Ltd.; Bajaj Finserv Ltd.; HDB Financial Services Ltd.; Bandhan Bank Ltd.; LendingClub Corporation; Faulu Microfinance Bank Limited; MicroVest LLC; BlueVine Inc.; Kiva Microfunds; Panamax Inc.; Lendio Inc.; Fusion Micro Finance Ltd.; Accion International; Equitas Small Finance Bank Ltd.; ESAF Small Finance Bank; Fincare Small Finance Bank Ltd.; Ujjivan Small Finance Bank Ltd.; Oakam Ltd.; On Deck Capital Inc.; Small Industries Development Bank of India; One Acre Fund; Samia African Microfinance Limited; FINCA International Impact Investments; Fonds National de Coopératives de Développement Economique et Sociale Agricole; Gray Ghost Ventures LLC; Elevar Equity LLC; Incofin Investment Management plc; ResponsAbility Investments AG; ImpactAssets Fund
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Microlending Market Characteristics

3. Microlending Market Trends And Strategies

4. Microlending 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 Microlending Market Size and Growth

5.1. Global Microlending Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

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

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

6. Microlending Market Segmentation

6.1. Global Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Banks

Micro Finance Institute (MFI)

NBFC (Non-Banking Financial Institutions)

Other Provider

6.2. Global Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Small Enterprises

Micro Enterprises

Solo entrepreneurs And self-employed

7. Microlending Market Regional And Country Analysis

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

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

8. Asia-Pacific Microlending Market

8.1. Asia-Pacific Microlending 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 Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Microlending Market

9.1. China Microlending Market Overview

9.2. China Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Microlending Market

10.1. India Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Microlending Market

11.1. Japan Microlending Market Overview

11.2. Japan Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Microlending Market

12.1. Australia Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Microlending Market

13.1. Indonesia Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Microlending Market

14.1. South Korea Microlending Market Overview

14.2. South Korea Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Microlending Market

15.1. Western Europe Microlending Market Overview

15.2. Western Europe Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Microlending Market

16.1. UK Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Microlending Market

17.1. Germany Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Microlending Market

18.1. France Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Microlending Market

19.1. Italy Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Microlending Market

20.1. Spain Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Microlending Market

21.1. Eastern Europe Microlending Market Overview

21.2. Eastern Europe Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Microlending Market

22.1. Russia Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Microlending Market

23.1. North America Microlending Market Overview

23.2. North America Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Microlending Market

24.1. USA Microlending Market Overview

24.2. USA Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Microlending Market

25.1. Canada Microlending Market Overview

25.2. Canada Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Microlending Market

26.1. South America Microlending Market Overview

26.2. South America Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Microlending Market

27.1. Brazil Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Microlending Market

28.1. Middle East Microlending Market Overview

28.2. Middle East Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Microlending Market

29.1. Africa Microlending Market Overview

29.2. Africa Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Microlending Market Competitive Landscape And Company Profiles

30.1. Microlending Market Competitive Landscape

30.2. Microlending Market Company Profiles

30.2.1. Larsen and Toubro Ltd.

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. ICICI Bank Ltd.

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. Bajaj Finserv Ltd.

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. HDB Financial Services Ltd.

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. Bandhan Bank Ltd.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Microlending Market Other Major And Innovative Companies

31.1. LendingClub Corporation

31.2. Faulu Microfinance Bank Limited

31.3. MicroVest LLC

31.4. BlueVine Inc.

31.5. Kiva Microfunds

31.6. Panamax Inc.

31.7. Lendio Inc.

31.8. Fusion Micro Finance Ltd.

31.9. Accion International

31.10. Equitas Small Finance Bank Ltd.

31.11. ESAF Small Finance Bank

31.12. Fincare Small Finance Bank Ltd.

31.13. Ujjivan Small Finance Bank Ltd.

31.14. Oakam Ltd.

31.15. On Deck Capital Inc.

32. Global Microlending Market Competitive Benchmarking

33. Global Microlending Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Microlending Market

35. Microlending Market Future Outlook and Potential Analysis

35.1 Microlending Market In 2028 - Countries Offering Most New Opportunities

35.2 Microlending Market In 2028 - Segments Offering Most New Opportunities

35.3 Microlending 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 Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Microlending Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Microlending Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Larsen and Toubro Ltd. Financial Performance

Table 52: ICICI Bank Ltd. Financial Performance

Table 53: Bajaj Finserv Ltd. Financial Performance

Table 54: HDB Financial Services Ltd. Financial Performance

Table 55: Bandhan Bank Ltd. 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 Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Microlending Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Microlending Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Microlending Market, Segmentation By Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Microlending Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Larsen and Toubro Ltd. Financial Performance

Figure 52: ICICI Bank Ltd. Financial Performance

Figure 53: Bajaj Finserv Ltd. Financial Performance

Figure 54: HDB Financial Services Ltd. Financial Performance

Figure 55: Bandhan Bank Ltd. Financial Performance

Global Insurance Brokers and Agents Market Opportunities And Strategies – Forecast To 2030 – Includes Insurance Brokers & Agents Market Report

Forecasting till 2030: Opportunities And Strategies In The Global Wealth Management Market – Includes Wealth Management Market Trend

Global Lending Market Opportunities And Strategies – Forecast To 2030 – Includes Lending Market Overview

Opportunities And Strategies Analysis For The Life Insurance Providers Market – Includes Life Insurance Providers Market Share

The Business Research Company offers the robo advisory market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the impact investing market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the template market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the impact investing market research report 2022 with industry size, share, segments and market growth

Lending And Payments Global Market Report 2024 – By Type (Lending, Cards And Payments), By Lending Channel (Offline, Online), By End User (B2B, B2C) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Peer-to-Peer (P2P) Lending Global Market Report 2024 – By Loan Type (Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans), By Business Model (Traditional Lending, Alternate Marketplace Lending), By End User (Business, Personal) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Digital Lending Platform Global Market Report 2024 – By Type (Loan Origination, Decision Automation, Collections And Recovery, Risk And Compliance Management, Other Types), By Component (Software, Service), By Deployment Model (On-Premise, Cloud), By Industry Vertical (Banks, Insurance Companies, Credit Unions, Savings And Loan Associations, Peer-To-Peer Lending, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2024-2033

View Report

AI in FinTech Global Market Report 2024 – By Type (Solutions, Services), By Deployment (Cloud, On-premise), By Application (Asset Management, Risk Investigation, Business Analytics, Regulatory Compliance, Data Collection, Predictive Analytics, Virtual Assistance, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Financial Services Global Market Report 2024 – By Type (Lending And Payments, Insurance, Reinsurance And Insurance Brokerage, Investments, Foreign Exchange Services), By Size Of Business (Small And Medium Business, Large Business), By End-User (Individuals, Corporates, Government, Investment Institution) – Market Size, Trends, And Global Forecast 2024-2033

View Report

RegTech Global Market Report 2024 – By Component (Solutions, Services), By Deployment Type (Cloud, On-Premises), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises (SMEs)), By Application (Risk And Compliance Management, Identity Management, Regulatory Reporting, Anti-Money Laundering (AML) And Fraud Management, Regulatory Intelligence), By End-User (Banking, Insurance, Non-Banking Financial End-Users, Non-Financial And Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Asset Servicing Global Market Report 2024 – By Service (Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending), By Enterprise Size (Large Enterprises, Medium and Small Enterprises), By End User (Capital Markets, Wealth Management Firms) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Lending Global Market Report 2024 – By Type (Corporate Lending, Household Lending, Government Lending), By Interest Rate (Fixed Rate, Floating Rate), By Lending Channel (Offline, Online) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Frequently Asked Questions

What is the definition of the microlending market?

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

The microlending market major growth driver - the rising demand for microlending transforming small and medium enterprises. For further insights on the microlending market, request a sample here

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

The microlending market size has grown rapidly in recent years. It will grow from $190.29 billion in 2023 to $214.96 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to financial inclusion initiatives, entrepreneurship and small businesses, poverty alleviation programs, community development, women's empowerment. The microlending market size is expected to see rapid growth in the next few years. It will grow to $345.4 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to digital financial services adoption, impact investing and social finance, emergence of fintech solutions, climate-smart lending, government support programs. Major trends in the forecast period include use of alternative data for credit assessment, employment of robotic process automation (RPA), focus on financial inclusion and rural microlending, flexible repayment models and microfinance products, regulatory framework development. For further insights on the microlending market, request a sample here

How is the microlending market segmented?

The microlending market is segmented
1) By Provider: Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions), Other Provider
2) By End-User: Small Enterprises, Micro Enterprises, Solo entrepreneurs And self-employedFor further insights on the microlending market, request a sample here

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

Asia-Pacific was the largest region in the microlending market in 2023. The regions covered in the microlending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the microlending market, request a sample here.

Who are the major players in the microlending market?

What are the key trends in the microlending market?

Major trend in the microlending market - product innovation drives the microlending market. For further insights on the microlending market, request a sample here.

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

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

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

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

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

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

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

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