Microlending Global Market Report 2023

“Microlending Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microlending market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for microlending? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microlending market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Provider: Banks; Micro Finance Institute (MFI); NBFC (Non-Banking Financial Institutions); Other Provider

• 2) By End-User: Small Enterprises; Micro Enterprises; Solo entrepreneurs And self-employed

• Companies Mentioned: Accion International; Bajaj Finserv Ltd.; Bandhan Bank Ltd.; BlueVine Inc.; Equitas Small Finance Bank Ltd.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the microlending market are Accion International, Bajaj Finserv Ltd., Bandhan Bank Ltd., BlueVine Inc., Equitas Small Finance Bank Ltd., ESAF Small Finance Bank, Fincare Small Finance Bank Ltd., Fusion Micro Finance Ltd., HDB Financial Services Ltd., ICICI Bank Ltd., Kiva Microfunds, Larsen and Toubro Ltd., Lendio Inc., Ujjivan Small Finance Bank Ltd., Oakam Ltd., On Deck Capital Inc., Panamax Inc., amd Small Industries Development Bank of India .

The global microlending market is expected to grow from $168.89 billion in 2022 to $191.86 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The microlending market is expected to reach $304.87 billion in 2027 at a CAGR of 12.3%.

The microlending market includes revenues earned by entities by providing loans and funds through group lending and individual lending. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Microlending refers to microfinance that supports enterprises by lending small amounts for business expansion. The primary advantage of microlending is that it allows borrowers to take loan who do not have the sufficient assets to act as a guarantee or simply do not want to risk their assets.

Asia-Pacific was the largest region in the microlending market in 2022. The regions covered in microlending report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main providers of microlending are banks, microfinance institutes (MFI), nbfc (non-banking financial institutions), and other providers. A bank refers to a financial institution regulated at the federal level, state level, or both. Borrower usually uses micro-finance if they have poor credit, or if they want a loan smaller than what their bank would allow. These are used by various end-users such as small enterprises, micro-enterprises, solo entrepreneurs, and self-employed.

The rising need for micro-lending among end-users, including micro-enterprises and small enterprises is expected to propel the growth of the microlending market going forward. Small and medium enterprises are organizations whose personnel and revenue numbers are below certain limits. Microlending helps small and medium enterprises to grow through small-dollar lending and helps them to prosper in their business. For instance, according to the world bank, a US-based international financial institution, and estimates of The International Finance Corporation (IFC), a member of the world bank group, it is estimated that approximately 65 million firms, and 40% of formal micro, small and medium enterprises (MSMEs) in developing countries, are in financial need of $5.2 trillion every year, which is equal to 1.4 times the current level of the global MSME lending. Further, MSME Growth, Innovation, and Inclusive Finance Project improved access to finance for MSMEs in India, which aims in lending $1.5 billion to startups by 2025. Therefore, rising demand for micro-lending among end-users, including micro-enterprises and small enterprises drives the microlending market.

Innovations in microfinance are a key trend gaining popularity in the microlending market. Major companies operating in microlending are introducing innovative products to sustain their position in the market. For instance, in November 2020, Bank Islam, a Malasia-based Islamic banking company, launched BangKIT Microfinance, an innovative product funded by a sadaqah instrument, through an Islamic crowdfunding official portal which is the first of its kind in Malaysia. This is designed to help unbanked and underbanked micro-entrepreneurs to obtain capital start-ups or expand their businesses, for building a credit record to qualify them for future financing by providing for business expansion.

In August 2022, Umba Digital Bank, an Africa-based bank acquired Daraja Microfinance Bank for an undisclosed amount. With this acquisition, the central bank of Kenya expands a microfinance banking industry that serves Kenya and the country, and Daraja MFB's portfolio would be strengthened by the Umba investment. Daraja Microfinance Bank is a Kenya-based bank operating in microlending.

The countries covered in the microlending market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The micro-lending market research report is one of a series of new reports from The Business Research Company that provides micro-lending market statistics, including micro-lending industry global market size, regional shares, competitors with a micro-lending market share, detailed micro-lending market segments, market trends, and opportunities, and any further data you may need to thrive in the micro-lending industry. This micro-lending market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.