The global microfinance market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The market is segmented by type, application and region. The banks segment accounted for the largest share in the global microfinance market in 2018 and is expected to continue its dominance throughout the forecast period. The no-banks segment is projected to grow at a higher CAGR than banks due to their lower cost of operations and increased customer base. Microfinancs are also gaining traction as they provide financial services through mobile phones which are more accessible for low-income customers who do not have access to traditional banking channels or do not have bank accounts.
Some Of The Growth Factors Of This Market:
- Microfinance is a growing industry with a lot of potential for growth.
- The microfinance market is expected to grow at an annual rate of 10% over the next five years, reaching $1 trillion by 2020.
- The microfinance market has been growing steadily in recent years and is expected to continue to grow as more people are becoming aware of the benefits it offers and as more people are able to access it through mobile technology and other innovations in the industry.
- There are many different types of microfinancing institutions that offer different services, which means there's something for everyone, no matter what their needs may be or how much they can afford to pay back each month on their loans or credit cards.
- Microfinancing institutions have been around for decades now, so they're well-established and trusted by many people who use them regularly because they know that if anything goes wrong with their loan or credit card payments, they'll be able to get help from someone who understands what's going on without having any trouble understanding them due to language barriers or cultural differences.
Industry Growth Insights published a new data on “Microfinance Market”. The research report is titled “Microfinance Market research by Types (Banks, Non-Banks, Microfinanc), By Applications (Agriculture, Manufacturing/Production, Trade & Services, Household Finance, Others), By Players/Companies ResponsAbility Investments AG, Asmitha Microfin, Utkarsh Micro Finance, Share Microfin, Ujjivan, Spandana Sphoorty Financial, Bhartiya Samruddhi Finance Limited(BSFL), GFSPL, Shri Kshetra Dharmasthala, Bharat Financial Inclusion, GVMFL, Fundacion WWB Colombia, Amhara Credit and Savings Institution, Banco do Brasil, ICICI Bank, Compartamos Banco, Bandhan Financial Services, Standard Chartered, Access Bank, Albaraka, Microfinanc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microfinance Market Research Report
By Type
Banks, Non-Banks, Microfinanc
By Application
Agriculture, Manufacturing/Production, Trade & Services, Household Finance, Others
By Companies
ResponsAbility Investments AG, Asmitha Microfin, Utkarsh Micro Finance, Share Microfin, Ujjivan, Spandana Sphoorty Financial, Bhartiya Samruddhi Finance Limited(BSFL), GFSPL, Shri Kshetra Dharmasthala, Bharat Financial Inclusion, GVMFL, Fundacion WWB Colombia, Amhara Credit and Savings Institution, Banco do Brasil, ICICI Bank, Compartamos Banco, Bandhan Financial Services, Standard Chartered, Access Bank, Albaraka, Microfinanc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Microfinance Market Report Segments:
The global Microfinance market is segmented on the basis of:
Types
Banks, Non-Banks, Microfinanc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Manufacturing/Production, Trade & Services, Household Finance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ResponsAbility Investments AG
- Asmitha Microfin
- Utkarsh Micro Finance
- Share Microfin
- Ujjivan
- Spandana Sphoorty Financial
- Bhartiya Samruddhi Finance Limited(BSFL)
- GFSPL
- Shri Kshetra Dharmasthala
- Bharat Financial Inclusion
- GVMFL
- Fundacion WWB Colombia
- Amhara Credit and Savings Institution
- Banco do Brasil
- ICICI Bank
- Compartamos Banco
- Bandhan Financial Services
- Standard Chartered
- Access Bank
- Albaraka
- Microfinanc
Highlights of The Microfinance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Banks
- Non-Banks
- Microfinanc
- By Application:
- Agriculture
- Manufacturing/Production
- Trade & Services
- Household Finance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microfinance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microfinance is a financial service that helps low-income people to start and grow businesses. It provides small loans, often with very low interest rates, to help people become self-sufficient.
Some of the major players in the microfinance market are ResponsAbility Investments AG, Asmitha Microfin, Utkarsh Micro Finance, Share Microfin, Ujjivan, Spandana Sphoorty Financial, Bhartiya Samruddhi Finance Limited(BSFL), GFSPL, Shri Kshetra Dharmasthala, Bharat Financial Inclusion, GVMFL, Fundacion WWB Colombia, Amhara Credit and Savings Institution, Banco do Brasil, ICICI Bank, Compartamos Banco, Bandhan Financial Services, Standard Chartered, Access Bank, Albaraka, Microfinanc.
The microfinance market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microfinance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microfinance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microfinance Market - Supply Chain
4.5. Global Microfinance Market Forecast
4.5.1. Microfinance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microfinance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microfinance Market Absolute $ Opportunity
5. Global Microfinance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microfinance Market Size and Volume Forecast by Type
5.3.1. Banks
5.3.2. Non-Banks
5.3.3. Microfinanc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microfinance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microfinance Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Manufacturing/Production
6.3.3. Trade & Services
6.3.4. Household Finance
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microfinance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microfinance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microfinance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microfinance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microfinance Demand Share Forecast, 2019-2026
9. North America Microfinance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microfinance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microfinance Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Manufacturing/Production
9.4.3. Trade & Services
9.4.4. Household Finance
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microfinance Market Size and Volume Forecast by Type
9.7.1. Banks
9.7.2. Non-Banks
9.7.3. Microfinanc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microfinance Demand Share Forecast, 2019-2026
10. Latin America Microfinance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microfinance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microfinance Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Manufacturing/Production
10.4.3. Trade & Services
10.4.4. Household Finance
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microfinance Market Size and Volume Forecast by Type
10.7.1. Banks
10.7.2. Non-Banks
10.7.3. Microfinanc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microfinance Demand Share Forecast, 2019-2026
11. Europe Microfinance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microfinance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microfinance Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Manufacturing/Production
11.4.3. Trade & Services
11.4.4. Household Finance
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microfinance Market Size and Volume Forecast by Type
11.7.1. Banks
11.7.2. Non-Banks
11.7.3. Microfinanc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By ountry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microfinance Demand Share, 2019-2026
12. Asia Pacific Microfinance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microfinance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microfinance Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Manufacturing/Production
12.4.3. Trade & Services
12.4.4. Household Finance
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microfinance Market Size and Volume Forecast by Type
12.7.1. Banks
12.7.2. Non-Banks
12.7.3. Microfinanc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microfinance Demand Share, 2019-2026
13. Middle East & Africa Microfinance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microfinance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microfinance Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Manufacturing/Production
13.4.3. Trade & Services
13.4.4. Household Finance
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microfinance Market Size and Volume Forecast by Type
13.7.1. Banks
13.7.2. Non-Banks
13.7.3. Microfinanc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microfinance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microfinance Market: Market Share Analysis
14.2. Microfinance Distributors and Customers
14.3. Microfinance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ResponsAbility Investments AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Asmitha Microfin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Utkarsh Micro Finance
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Share Microfin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ujjivan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spandana Sphoorty Financial
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bhartiya Samruddhi Finance Limited(BSFL)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GFSPL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shri Kshetra Dharmasthala
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bharat Financial Inclusion
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GVMFL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fundacion WWB Colombia
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Amhara Credit and Savings Institution
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Banco do Brasil
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ICICI Bank
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Compartamos Banco
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Bandhan Financial Services
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Standard Chartered
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Access Bank
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Albaraka
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
