The Microlending Global Market Report 2023, provides comprehensive information on the microlending market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/microlending-global-market-report
As per The Business Research Company’s Microlending Global Market Report 2023, the market size is expected to grow from $168.89 billion in 2022 to $191.86 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global microlending market size is expected to reach $304.87 billion in 2027 at a CAGR of 12.3%.
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Innovations in microfinance are a key trend gaining popularity in the microlending market. Major companies operating in microlending are introducing innovative products to sustain their position in the market. For instance, in November 2020, Bank Islam, a Malaysia-based Islamic banking company, launched BangKIT Microfinance, an innovative product funded by a sadaqah instrument, through an Islamic crowdfunding official portal which is the first of its kind in Malaysia. This is designed to help unbanked and underbanked micro-entrepreneurs to obtain capital start-ups or expand their businesses, for building a credit record to qualify them for future financing by providing for business expansion.
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-employed
Asia-Pacific was the largest region in the microlending market in 2022.
The table of contents in TBRC’s microlending market report includes:
1. Executive Summary
2. Microlending Market Characteristics
3. Microlending Market Trends And Strategies
4. Microlending Market – Macro Economic Scenario
5. Microlending Market Size And Growth
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26. Africa Microlending Market
27. Microlending Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microlending Market
29. Microlending Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Accion International
- Bajaj Finserv Ltd
- Bandhan Bank Ltd
- BlueVine Inc
- Equitas Small Finance Bank Ltd
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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