Market Research Report
Global Microfinance Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||362044|
|Published||Content info||101 Pages
Delivery time: 1-2 business days
|Global Microfinance Market 2016-2020|
|Published: June 24, 2016||Content info: 101 Pages||
Microfinancing is a type of banking service that is provided to low-income individuals or the unemployed or groups of people that do not have any means to obtain any financial services. The goal of microfinance companies is to provide an opportunity for low-income borrowers to become self-sufficient through saving and borrowing money and providing microinsurance. Microfinance institutions charge interests on loans for their lenders like conventional banking operations. However, these interest rates are lower than those offered by normal banks. Microenterprises are considered as the engine of economic growth for a nation to promote equitable growth and development.
Technavio's analysts forecast the global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global microfinance market for 2016-2020. To calculate the market size, the report considers the the total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The market is divided into the following segments based on geography:
Technavio's report, Global Microfinance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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