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Microfinance Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 138
  • SKU: IRTNTR71352
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The microfinance market share is expected to increase by USD 122.46 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.61%.

This microfinance market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers microfinance market segmentation by type (banks and non-banks) and geography (APAC, South America, North America, Europe, and the Middle East and Africa). The microfinance market report also offers information on several market vendors, including Accion International, Al Amana Microfinance, AL BARAKAH MICROFINANCE BANK, Annapurna Finance P Ltd., Banco do Nordeste do Brasil SA, Bandhan Bank Ltd., Cashpor Micro Credit, FINCA International Inc., Fusion Micro Finance Ltd., GENTERA S.A.B. de C.V., Grameen Foundation, IndusInd Bank Ltd., Kiva Microfunds, Kotak Mahindra Bank Ltd., Manappuram Finance Ltd., Opportunity International, Pacific Community Ventures, Pro Mujer Inc., PT Bank Rakyat Indonesia Persero Tbk, Stichting BRAC International, and Women World Banking Inc. among others.

What will the Microfinance Market Size be During the Forecast Period?

Microfinance Market Size

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Microfinance Market: Key Drivers, Trends, and Challenges

The quick and easy access to credit is notably driving the microfinance market growth, although factors such as inadequate risk management may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the microfinance industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Microfinance Market Driver

Quick and easy access to credit is one of the major drivers impacting the microfinance market growth.  Microfinance provides quick and easy access to credit, unlike traditional financial institutions, which may take more than a day to complete the paperwork for the loan application. If the financial institution accepts the application, it may take another few weeks or months before the credit is authorized and transferred. Many banks have policies that restrict them from providing loans to certain businesses, such as restaurants and clinics. The growth of online microfinance platforms has simplified access to funds. Businesses can apply for credit on these platforms within minutes of registering, and the funds are made available instantly once the application is approved. The advent of microfinance platforms enhanced the ease of obtaining loans. Hence, the popularity of microfinance platforms is increasing.

Key Microfinance Market Trend

Rapid growth in APAC is one of the major trends influencing the microfinance market growth. Microfinance institutions, including P2P lending, crowdfunding, and invoice trading, are growing in APAC due to the presence of several SMEs. The number of SMEs has increased significantly in Asian countries. For instance, the number of SMEs in China was approximately 18.07 million by the end of 2018. Similarly, according to the data published by the Ministry of Micro, Small, and Medium Enterprises (MSMEs) of India, as of March 2020, there were 63.3 million (6.33 Crore) SMEs present across India. The growing number of SMEs in APAC is increasing the demand for micro-financial services for business growth. Microfinance solutions and service providers are helping SMEs by strengthening their access to credit and equity, which enables SMEs to invest in growth. Moreover, growing Internet penetration, coupled with the use of smartphones, is encouraging people in APAC to use P2P lending and crowdfunding platforms. This is expected to propel the growth of the global microfinance market in the coming years.

Key Microfinance Market Challenge

Inadequate risk management is one of the major trends influencing the microfinance market growth. Risk management is amongst the most challenging factors impacting the growth of the global microfinance market. Microcredit establishments address marginalized communities, mainly in low-profits and growing countries. The lending procedure in microfinance no longer requires any protection, unlike the formal banking system. Thus, microfinance establishments are constantly on the threshold of vulnerability. Contrarily, customers regularly borrow from a couple of establishments in a quick gap, ensuing in over-indebtedness. For instance, 56% of the borrowers from rural areas are over-indebted in developing countries like India. However, microfinance institutions are continuously facing operational challenges owing to inadequate risk management, but some MFIs are still not in the process of adopting any economic risk management system. Such factors may hamper the growth of the global microfinance market during the forecast period.

This microfinance market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global microfinance market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the microfinance market during the forecast period.

Who are the Major Microfinance Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accion International
  • Al Amana Microfinance
  • AL BARAKAH MICROFINANCE BANK
  • Annapurna Finance P Ltd.
  • Banco do Nordeste do Brasil SA
  • Bandhan Bank Ltd.
  • Cashpor Micro Credit
  • FINCA International Inc.
  • Fusion Micro Finance Ltd.
  • GENTERA S.A.B. de C.V.
  • Grameen Foundation
  • IndusInd Bank Ltd.
  • Kiva Microfunds
  • Kotak Mahindra Bank Ltd.
  • Manappuram Finance Ltd.
  • Opportunity International
  • Pacific Community Ventures
  • Pro Mujer Inc.
  • PT Bank Rakyat Indonesia Persero Tbk
  • Stichting BRAC International
  • Women World Banking Inc.

 

This statistical study of the microfinance market encompasses successful business strategies deployed by the key vendors. The microfinance market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The microfinance market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Microfinance Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the microfinance market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Microfinance Market?

Microfinance Market Share by Geography

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45% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for microfinance in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The rapid growth of social media and the increasing number of SMEs and startups will facilitate the microfinance market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 adversely affected the economy in APAC. To limit the spread of the disease, stringent lockdowns imposed in India, China, Bangladesh, Japan, Australia, and other countries led to a halt in banking operations. The demand for loans from other businesses also declined significantly owing to the suspension of operations. These factors negatively affected the growth of the microfinance market in APAC in 2020. 

What are the Revenue-generating Type Segments in the Microfinance Market?

Microfinance Market Share

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The microfinance market share growth by the bank segment will be significant during the forecast period. As MSBs offer significant benefits to low-income groups, the demand for microfinancing is expected to rise during the forecast period. Moreover, the need to provide easy credit and offer small loans to customers without any collateral further increases the preference for MFBs among people.

This report provides an accurate prediction of the contribution of all the segments to the growth of the microfinance market size and actionable market insights on the post-COVID-19 impact on each segment.

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Microfinance Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.61%

Market growth 2022-2026

$ 122.46 billion

Market structure

Fragmented

YoY growth (%)

9.23

Regional analysis

APAC, South America, North America, Europe, and Middle East and Africa

Performing market contribution

APAC at 45%

Key consumer countries

Mexico, China, India, France, and Peru

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accion International, Al Amana Microfinance, AL BARAKAH MICROFINANCE BANK, Annapurna Finance P Ltd., Banco do Nordeste do Brasil SA, Bandhan Bank Ltd., Cashpor Micro Credit, FINCA International Inc., Fusion Micro Finance Ltd., GENTERA S.A.B. de C.V., Grameen Foundation, IndusInd Bank Ltd., Kiva Microfunds, Kotak Mahindra Bank Ltd., Manappuram Finance Ltd., Opportunity International, Pacific Community Ventures, Pro Mujer Inc., PT Bank Rakyat Indonesia Persero Tbk, Stichting BRAC International, and Women World Banking Inc. 

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Microfinance Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive microfinance market growth during the next five years
  • Precise estimation of the microfinance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the microfinance industry across APAC, South America, North America, Europe, and the Middle East, and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of microfinance market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Banks - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Banks - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Banks - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Banks - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Banks - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-banks - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-banks - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Non-banks - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Non-banks - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-banks - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 South America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Peru - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Peru - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Peru - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Peru - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Peru - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Mexico - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Mexico - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Mexico - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Annapurna Finance P Ltd.
              • Exhibit 89: Annapurna Finance P Ltd. - Overview
              • Exhibit 90: Annapurna Finance P Ltd. - Product / Service
              • Exhibit 91: Annapurna Finance P Ltd. - Key offerings
            • 10.4 Bandhan Bank Ltd.
              • Exhibit 92: Bandhan Bank Ltd. - Overview
              • Exhibit 93: Bandhan Bank Ltd. - Product / Service
              • Exhibit 94: Bandhan Bank Ltd. - Key offerings
            • 10.5 Cashpor Micro Credit
              • Exhibit 95: Cashpor Micro Credit - Overview
              • Exhibit 96: Cashpor Micro Credit - Product / Service
              • Exhibit 97: Cashpor Micro Credit - Key offerings
            • 10.6 Grameen Foundation
              • Exhibit 98: Grameen Foundation - Overview
              • Exhibit 99: Grameen Foundation - Product / Service
              • Exhibit 100: Grameen Foundation - Key offerings
            • 10.7 IndusInd Bank Ltd.
              • Exhibit 101: IndusInd Bank Ltd. - Overview
              • Exhibit 102: IndusInd Bank Ltd. - Business segments
              • Exhibit 103: IndusInd Bank Ltd. - Key offerings
              • Exhibit 104: IndusInd Bank Ltd. - Segment focus
            • 10.8 Kiva Microfunds
              • Exhibit 105: Kiva Microfunds - Overview
              • Exhibit 106: Kiva Microfunds - Product / Service
              • Exhibit 107: Kiva Microfunds - Key offerings
            • 10.9 Kotak Mahindra Bank Ltd.
              • Exhibit 108: Kotak Mahindra Bank Ltd. - Overview
              • Exhibit 109: Kotak Mahindra Bank Ltd. - Business segments
              • Exhibit 110: Kotak Mahindra Bank Ltd. - Key offerings
              • Exhibit 111: Kotak Mahindra Bank Ltd. - Segment focus
            • 10.10 Manappuram Finance Ltd.
              • Exhibit 112: Manappuram Finance Ltd. - Overview
              • Exhibit 113: Manappuram Finance Ltd. - Business segments
              • Exhibit 114: Manappuram Finance Ltd. - Key offerings
              • Exhibit 115: Manappuram Finance Ltd. - Segment focus
            • 10.11 PT Bank Rakyat Indonesia Persero Tbk
              • Exhibit 116: PT Bank Rakyat Indonesia Persero Tbk - Overview
              • Exhibit 117: PT Bank Rakyat Indonesia Persero Tbk - Business segments
              • Exhibit 118: PT Bank Rakyat Indonesia Persero Tbk - Key offerings
              • Exhibit 119: PT Bank Rakyat Indonesia Persero Tbk - Segment focus
            • 10.12 Stichting BRAC International
              • Exhibit 120: Stichting BRAC International - Overview
              • Exhibit 121: Stichting BRAC International - Business segments
              • Exhibit 122: Stichting BRAC International - Key offerings
              • Exhibit 123: Stichting BRAC International - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 124: Inclusions checklist
                • Exhibit 125: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 126: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 127: Research methodology
                • Exhibit 128: Validation techniques employed for market sizing
                • Exhibit 129: Information sources
              • 11.5 List of abbreviations
                • Exhibit 130: List of abbreviations
              • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
                • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Microfinance market growth will increase by $122.46 billion during 2022-2026.
                  The microfinance market is expected to grow at a CAGR of 11.61% during 2022-2026.
                  Technavio has segmented the microfinance market by type (Banks and Non-banks) and geographic (APAC, South America, North America, Europe, and Middle East and Africa).
                  Accion International, Al Amana Microfinance, AL BARAKAH MICROFINANCE BANK, Annapurna Finance P Ltd., Banco do Nordeste do Brasil SA, Bandhan Bank Ltd., Cashpor Micro Credit, FINCA International Inc., Fusion Micro Finance Ltd., GENTERA S.A.B. de C.V., Grameen Foundation, IndusInd Bank Ltd., Kiva Microfunds, Kotak Mahindra Bank Ltd., Manappuram Finance Ltd., Opportunity International, Pacific Community Ventures, Pro Mujer Inc., PT Bank Rakyat Indonesia Persero Tbk, Stichting BRAC International, Women World Banking Inc. are a few of the key vendors in the microfinance market.
                  APAC will register the highest growth rate of 44.7% among the other regions. Therefore, the microfinance market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  • Mexico
                  • China
                  • India
                  • France
                  • Peru
                  The key factors driving the microfinance market growth are:
                  • Emergence of social media is associated with growing digital connectivity
                  • Rapid growth in APAC
                  The microfinance market vendors should focus on grabbing business opportunities from the banks segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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