Microfinance Market, Global Outlook and Forecast 2023-2032
The global Microfinance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Microcredit is a banking service that is provided to low-income individuals or to the unemployed or to people without access to any financial services.Microfinance companies aim to provide low-income borrowers with the opportunity to become self-sufficient by saving and borrowing, and by providing microfinance insurance.Microfinance institutions, like traditional banking, charge their lenders interest on loans.However, these rates are lower than those offered by ordinary Banks.
This report aims to provide a comprehensive presentation of the global market for Microfinance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microfinance. This report contains market size and forecasts of Microfinance in global, including the following market information:
- Global Microfinance Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Below $3000 Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Microfinance include WeBank, ResponsAbility Investments AG, Asmitha Microfin, Utkarsh Micro Finance, Share Microfin, Ujjivan, Spandana Sphoorty Financial, Bhartiya Samruddhi Finance Limited?BSFL? and GFSPL, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Microfinance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Microfinance Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Microfinance Market Segment Percentages, by Type, 2022 (%)
- Below $3000
- $3000-$10000
- $10000-25000$
- Above 25000$
Global Microfinance Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Microfinance Market Segment Percentages, by Application, 2022 (%)
Global Microfinance Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Microfinance Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Microfinance revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Microfinance revenues share in global market, 2022 (%)
key players include:
- WeBank
- ResponsAbility Investments AG
- Asmitha Microfin
- Utkarsh Micro Finance
- Share Microfin
- Ujjivan
- Spandana Sphoorty Financial
- Bhartiya Samruddhi Finance Limited?BSFL?
- GFSPL
- Suning
- Grameen America
- LiftFund
- Opportunity Fund
- Accion
- Justine Petersen
- Malayan Banking Berhad
- GC Business Finance
- Adie
- DMI
- Microfinance Ireland
Outline of Major Chapters:
Chapter 1: Introduces the definition of Microfinance, market overview.
Chapter 2: Global Microfinance market size in revenue.
Chapter 3: Detailed analysis of Microfinance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Microfinance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
