Microfinance Market Report: Trends, Forecast and Competitive Analysis to 2030

Microfinance Trends and Forecast

The future of the global microfinance market looks promising with opportunities in the small enterprise, micro enterprise, and solo entrepreneur markets. The global microfinance market is expected to reach an estimated $331.1 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing demand for digital based microfinance and growing inclination towards this institute among entrepreneurs and small business development.

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Microfinance by Segment

The study includes a forecast for the global microfinance by service type, provider, end use, and region.

Microfinance Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:

• Group and Individual Micro Credit
• Leasing
• Micro Investment Funds
• Insurance
• Savings and Checking Accounts
• Others

Microfinance Market by Provider [Shipment Analysis by Value from 2018 to 2030]:

• Banks
• Micro Finance Institute (MFI)
• NBFC (Non-Banking Financial Institutions)
• Others

Microfinance Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Small Enterprises
• Micro Enterprises
• Solo Entrepreneurs

Microfinance Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Microfinance Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microfinance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microfinance companies profiled in this report include-

• Annapurna Microfinance
• Bank Rakyat Indonesia
• Bandhan Financial Services
• CDC Small Business Finance
• Cashpor Micro Credit
• Grameen America
• Grameen Bank
• KIVA
• Madura Microfinance
• Pacific Community Ventures

Microfinance Market Insights

Lucintel forecasts that banks is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Microfinance Market

Market Size Estimates: Microfinance market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Microfinance market size by service type, provider, end use, and region in terms of value ($B).

Regional Analysis: Microfinance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service types, providers, end uses, and regions for the microfinance market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microfinance market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the microfinance market size?

Answer: The global microfinance market is expected to reach an estimated $331.1 billion by 2030.

Q2. What is the growth forecast for microfinance market?

Answer: The global microfinance market is expected to grow with a CAGR of 10.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the microfinance market?

Answer: The major drivers for this market are growing demand for digital based microfinance and growing inclination towards this institute among entrepreneurs and small business development.

Q4. What are the major segments for microfinance market?

Answer: The future of the microfinance market looks promising with opportunities in the small enterprise, micro enterprise, and solo entrepreneur markets.

Q5. Who are the key microfinance market companies?

Answer: Some of the key microfinance companies are as follows:

• Annapurna Microfinance
• Bank Rakyat Indonesia
• Bandhan Financial Services
• CDC Small Business Finance
• Cashpor Micro Credit
• Grameen America
• Grameen Bank
• KIVA
• Madura Microfinance
• Pacific Community Ventures

Q6. Which microfinance market segment will be the largest in future?

Answer: Lucintel forecasts that banks is expected to witness highest growth over the forecast period.

Q7. In microfinance market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the microfinance market by service type (group and individual micro credit, leasing, micro investment funds, insurance, savings and checking accounts, and others), provider (banks, micro finance institute (MFI), NBFC (non-banking financial institutions), and others), end use (small enterprises, micro enterprises, and solo entrepreneurs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?