Global Microfinance Market to Reach $304.3 Billion by 2026| MENAFN.COM

Tuesday, 18 January 2022 07:09 GMT

Global Microfinance Market to Reach $304.3 Billion by 2026


(MENAFN- GlobeNewsWire - Nasdaq)

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report 'Global Microfinance Industry' -
Microfinance encompasses a broad range of services including loans, savings, payment and insurance to help the unbanked population in achieving growth and becoming self-sufficient. Following the implementation of the Sustainable Development Goals (SDGs) in 2016, the microfinance industry has been focusing efforts on promoting access not just to credit, but also to agriculture, health, housing, education, energy, and education. Amid the COVID-19 crisis, the global market for Microfinance estimated at US$156.7 Billion in the year 2020, is projected to reach a revised size of US$304.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 11.9% over the analysis period. Asia-Pacific represents the largest regional market for Microfinance, accounting for an estimated 42.5% share of the global total. The market is projected to reach US$159.6 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 13.6% over the analysis period.
The global microfinance market forecast to witness a strong growth rate in the upcoming years due to increasing number of microenterprises, government efforts to promote microfinance, and lower interest rates. Market growth is being positively influenced by the pivotal role played by microenterprises in driving economic development. Some of the major factors supporting the market expansion are growth of SMEs and lower-income groups, including women across rural areas, their potential to maintain household and social living along with government initiatives to promote fair competition and improve the national payment system. While efforts to serve socially marginalized individuals with quality financial services is driving growth, enhanced risk management, increasing focus on micro-insurance and initiative to raise consumer awareness are creating new growth avenues. Asia-Pacific region represents a key regional market, and growth is influence by factors such as rapid industrialization, strong demand for goods & services, and rising consumer awareness. In addition, the emergence of various Islamic financial services and banks coupled with the issuance of Sukuk is expected to further augment the market growth in the coming years.
Select Competitors (Total 103 Featured)

  • 51Give
  • Al Amana Microfinance
  • Al-Barakah Microfinance Bank
  • Annapurna Finance (P) Ltd
  • Asirvad Microfinance Pvt. Ltd.
  • Banco do Nordeste do Brasil S.A.
  • Bank Rakyat Indonesia
  • BRAC
  • BSS Microfinance Ltd.
  • Grameen Foundation
  • Kiva


Read the full report:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual %
Change) for 2020 through 2022
COVID-19 Impact on the Microfinance Industry
EXHIBIT 2: Financial Difficulties Facing Microfinance
Institutions Worldwide Due to COVID-19 Outbreak: % of MFIs
Facing Challenges for Large MFIs and Smaller MFIs
Microfinance: Holding Potential to Break the Cycle of Poverty
Microfinance Functioning
Key Principles Related to Microfinance
Key Benefits and Drawbacks of Microfinancing
Microfinance Market: Focus on Providing Access to the Unbanked
and Alleviate Property Propels Growth
Active Borrowers of Microfinance Institutions Continue to Grow
EXHIBIT 3: Global Microfinance Industry: Number of Active
Borrowers in Million for the Years 2010-2018
EXHIBIT 4: % of Rural Borrowers in Microfinance Institutions:
(in %) by Geographic Region for 2018
EXHIBIT 5: Borrower Mix in MFIs: Percentage Breakdown of Active
Borrowers by Male and Female Individuals for 2018
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
As Important Growth Mechanisms for Economic Progress,
Microenterprises Emerge as Vital Driver of Growth for MFIs
EXHIBIT 6: The Large Unbanked Population and Focus on their
Financial Inclusion to Stimulate Microfinance Industry:
Unbanked Population as a % of Total Population by Region for
the Year 2020
EXHIBIT 7: Global Breakdown of Unbanked Adult Population (in %)
by Gender for 2020
EXHIBIT 8: Top Factors Cited as Barrier to Account Ownership: %
of Adults Citing the Reason for Being Unbanked
Changing Business Landscape Drives Microenterprises to Review
Strategies
Microfinance Presents Powerful Tool for Small Businesses &
Entrepreneurs to Access Capital
Microfinance Industry?s Growing Role in Impact Investments and
Achievement of SDGs
Growing Importance of Digitalization for Traditional MFIs
Rising Adoption of New Technologies to Push Market Growth
Mobile Payments Transform Microfinance Industry Landscape
EXHIBIT 9: Mobile Technology to Play a Vital Role in Expanding
Reach of Microfinance: Global Mobile Payments Market in US$
Billion for 2019, 2021, 2023 and 2025
Going Digital Represents Inevitable Move for Microfinance
Institutions
Microfinance Industry Leverages Big Data Analytics to Enable
Financial Inclusion
Digitization Raises Data Security Concerns
Digital Technologies Shape Rural Microfinance Market
Enhancing Equity and Accessibility of Digital Microfinance for
the Rural Families
Artificial Intelligence Poised to Transform the Future of
Microfinance
Growing Significance of Blockchain-based Microfinance Finance
EXHIBIT 10: Huge SME Financing Gap Boosts Need for Blockchain-
based Microfinance Solutions: World Formal MSMEs Finance Gap
(in $ Billion) by Region
Islamic Microfinance Emerges as a Vital Tool for Poverty
Alleviation in Islamic Nations
EXHIBIT 11: Global Islamic Finance Market by Segment (in %) for
2020
Large Commercial Banks Venture into Microfinance Market,
Presenting Opportunities and Challenges for Existing Players
Microinsurance Products: Providing Insurance Coverage to Low
Income Customers
Addressing the Risks of Climate Change with Microfinance
EXHIBIT 12: Rising Carbon Dioxide Emissions an Indication of
Climate Change: Global CO2 Concentrations (in ppm) for the
Years 2000-2100
Microfinance along with Macrofinance Holds Critical
Significance in Financial Realm
Emergence of For-Profit Microfinance Institutions Draws Criticism
Microfinance Institutions to Embrace Hybrid Model
Microfinance Providers to Collaborate with Fintechs
Key Issues Faced by Microfinance Industry
Notable Microfinance Networks: A Review
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Microfinance by
Geographic Region - China, Europe, Asia-Pacific, Latin America
and Rest of World Markets - Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Microfinance by Geographic
Region - China, Europe, Asia-Pacific, Latin America and Rest of
World Markets - Independent Analysis of Annual Lending in US$
Million for Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Microfinance by
Geographic Region - Percentage Breakdown of Value Lending for
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets for Years 2012, 2021 & 2027
Table 4: World Current & Future Analysis for Banks by
Geographic Region - China, Europe, Asia-Pacific, Latin America
and Rest of World Markets - Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Banks by Geographic Region -
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets - Independent Analysis of Annual Lending in US$ Million
for Years 2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Banks by Geographic
Region - Percentage Breakdown of Value Lending for China,
Europe, Asia-Pacific, Latin America and Rest of World for Years
2012, 2021 & 2027
Table 7: World Current & Future Analysis for Non-Banks by
Geographic Region - China, Europe, Asia-Pacific, Latin America
and Rest of World Markets - Independent Analysis of Annual
Lending in US$ Million for Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Non-Banks by Geographic
Region - China, Europe, Asia-Pacific, Latin America and Rest of
World Markets - Independent Analysis of Annual Lending in US$
Million for Years 2012 through 2019 and % CAGR
Table 9: World 15-Year Perspective for Non-Banks by Geographic
Region - Percentage Breakdown of Value Lending for China,
Europe, Asia-Pacific, Latin America and Rest of World for Years
2012, 2021 & 2027
III. MARKET ANALYSIS
CHINA
Table 10: China Current & Future Analysis for Microfinance by
Institution Type - Banks and Non-Banks - Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 11: China Historic Review for Microfinance by Institution
Type - Banks and Non-Banks Markets - Independent Analysis of
Annual Lending in US$ Million for Years 2012 through 2019 and %
CAGR
Table 12: China 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
EUROPE
Microfinance Market in Europe: An Overview
Microcredit Industry in France: An Overview
Market Analytics
Table 13: Europe Current & Future Analysis for Microfinance by
Institution Type - Banks and Non-Banks - Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 14: Europe Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 15: Europe 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Table 16: Asia-Pacific Current & Future Analysis for
Microfinance by Geographic Region - Bangladesh, India,
Indonesia, Vietnam and Rest of Asia-Pacific Markets -
Independent Analysis of Annual Lending in US$ Million for Years
2020 through 2027 and % CAGR
Table 17: Asia-Pacific Historic Review for Microfinance by
Geographic Region - Bangladesh, India, Indonesia, Vietnam and
Rest of Asia-Pacific Markets - Independent Analysis of Annual
Lending in US$ Million for Years 2012 through 2019 and % CAGR
Table 18: Asia-Pacific 15-Year Perspective for Microfinance by
Geographic Region - Percentage Breakdown of Value Lending for
Bangladesh, India, Indonesia, Vietnam and Rest of Asia-Pacific
Markets for Years 2012, 2021 & 2027
Table 19: Asia-Pacific Current & Future Analysis for
Microfinance by Institution Type - Banks and Non-Banks -
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 20: Asia-Pacific Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 21: Asia-Pacific 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
BANGLADESH
Table 22: Bangladesh Current & Future Analysis for Microfinance
by Institution Type - Banks and Non-Banks - Independent
Analysis of Annual Lending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 23: Bangladesh Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 24: Bangladesh 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
INDIA
Microfinance Sector Hit by the COVID-19 Outbreak
EXHIBIT 13: Small Borrowers Face Tough Times Due to COVID-19
Pandemic: % Change in Value of Loan Disbursed by MFIs in India
for Apr-Jun and Jul-Sep 2020
Long-term Growth in the Microfinance Market Remains Promising
Indian Microfinance Market Poised to Witness More Consolidation
A Peek into Microfinance Providers in the Indian Microlending
Landscape
Primary Challenges Affecting Competitiveness of Microfinance
Institutions in India
Market Analytics
Table 25: India Current & Future Analysis for Microfinance by
Institution Type - Banks and Non-Banks - Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 26: India Historic Review for Microfinance by Institution
Type - Banks and Non-Banks Markets - Independent Analysis of
Annual Lending in US$ Million for Years 2012 through 2019 and %
CAGR
Table 27: India 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
INDONESIA
Table 28: Indonesia Current & Future Analysis for Microfinance
by Institution Type - Banks and Non-Banks - Independent
Analysis of Annual Lending in US$ Million for the Years 2020
through 2027 and % CAGR
Table 29: Indonesia Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 30: Indonesia 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
VIETNAM
Table 31: Vietnam Current & Future Analysis for Microfinance by
Institution Type - Banks and Non-Banks - Independent Analysis
of Annual Lending in US$ Million for the Years 2020 through
2027 and % CAGR
Table 32: Vietnam Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 33: Vietnam 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
REST OF ASIA-PACIFIC
Table 34: Rest of Asia-Pacific Current & Future Analysis for
Microfinance by Institution Type - Banks and Non-Banks -
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 35: Rest of Asia-Pacific Historic Review for Microfinance
by Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 36: Rest of Asia-Pacific 15-Year Perspective for
Microfinance by Institution Type - Percentage Breakdown of
Value Lending for Banks and Non-Banks for the Years 2012, 2021 &
2027
LATIN AMERICA
Table 37: Latin America Current & Future Analysis for
Microfinance by Institution Type - Banks and Non-Banks -
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 38: Latin America Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 39: Latin America 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
REST OF WORLD
Table 40: Rest of World Current & Future Analysis for
Microfinance by Institution Type - Banks and Non-Banks -
Independent Analysis of Annual Lending in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 41: Rest of World Historic Review for Microfinance by
Institution Type - Banks and Non-Banks Markets - Independent
Analysis of Annual Lending in US$ Million for Years 2012
through 2019 and % CAGR
Table 42: Rest of World 15-Year Perspective for Microfinance by
Institution Type - Percentage Breakdown of Value Lending for
Banks and Non-Banks for the Years 2012, 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 103
Read the full report:
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