Global Microfinance Market Size, Share & Trends Analysis Report and Forecast 2022-2028


Posted May 17, 2022 by Nim0916

The global microfinance market is growing at a significant CAGR of around 14.8% during the forecast period (2020-2026).
 
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Along with the growth of the microfinance institutions, the government support for women empowerment in rural areas is further offering growth to the microfinance industry. According to the Convergences World Forum, nearly 80% of the borrowers of microfinance were females in 2018. For instance, Grameen Bank in Bangladesh, women account for over 94% of all the loan borrowers, as per the Global Development Research Center (GDRC). Such factors offer a significant market capitalization for the microfinance industry during the forecast period. However, the outbreak of COVID-19 pandemic has significantly affected the microfinance industry. it can be seen that the revenue of the industry is threatened as the customers are affected by the global macroeconomic collapse, social distancing, and other COVID-19 norms to control the pandemic. Therefore, many microfinance institutions have suspended repayments, owing to which, there is no income coming-in to the industry.
A full report of Global Microfinance Market available @ https://www.omrglobal.com/industry-reports/microfinance-market
• Market Coverage
• Market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Microfinance Market by Service Type
o Group and Individual Micro Credit
o Insurance
o Leasing
o Others (Micro Investment Funds)
Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o Accion International
o Adie
o Asirvad Micro Finance Ltd. (Manappuram Finance Ltd.)
o Bajaj Finance Ltd.
o Bancamía S.A.
o Banco do Nordeste do Brasil SA
o Bandhan Bank Ltd.
o Bangladesh Rural Advancement Committee (BRAC)
o BSS Microfinance Ltd.
o CreditAccess Grameen Ltd.
o Equitas Small Finance Bank Ltd.
o Fusion Microfinance
o Grameen Bank
o ICICI Bank
o Jamii Bora Bank
o Kiva Microfunds
o microStart SCRL
o National Bank for Agriculture and Rural Development (NABARD)
o PT Bank Rakyat Indonesia Tbk
o Qredits Microfinanciering Nederland
o Ujjivan Financial Services Ltd.
The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global microfinance market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
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Contact Email [email protected]
Issued By Anurag Tiwari
Country India
Categories Business
Tags microfinance
Last Updated May 17, 2022