Global Microfinance Market Size, Share, Growth Analysis, By Provider(Banks, Micro Finance Institute (MFI)), By End-User(Small Enterprises, Micro Enterprises)

Description

Global Microfinance Market size was valued at USD 220 billion in 2022 and is poised to grow from USD 244.20 billion in 2023 to USD 562.77 billion by 2031, growing at a CAGR of 11% during the forecast period (2024-2031).

The expansion of the microfinance market is fueled by various key factors, including the burgeoning of small and medium-sized enterprises and improved access to loan facilities for low-income groups. This growth is further propelled by the provision of financial services that empower budding entrepreneurs to pursue their ideas, leading to an expansion of the microfinance sector and a more pronounced role for governments and financial institutions in both developing and underdeveloped nations. A notable trend contributing to this expansion is the increasing awareness of microfinance, facilitated by enhanced technological access and intermediaries such as microfinance credit officers, enabling beneficiaries to conduct transactions conveniently. Particularly significant is the rising popularity of microfinance among rural women involved in cottage industries, offering a promising avenue for boosting household incomes. Moreover, the evolving landscape of microfinance, marked by a growing number of organizations in emerging economies, is instrumental in alleviating poverty and improving living standards, thereby driving market growth. Despite challenges such as high interest rates and short repayment periods, the proliferation of advanced technologies like mobile banking presents significant growth opportunities for the microfinance market across developing nations.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Microfinance Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Microfinance Market Segmental Analysis

The global microfinance market is segmented on the basis of provider, end- user, region. By provider, the market is segmented into banks, micro finance institute (mfi), nbfc (non-banking financial institutions), others. By end - user, the market is segmented into small enterprises, micro enterprises, solo entrepreneurs or self-employed. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Drivers of the Global Microfinance Market

Microfinance serves as a cornerstone in extending financial services to marginalized and economically disadvantaged communities, thereby advancing the overarching objectives of financial inclusion on a global scale.

Restraints in the Global Microfinance Market

The irregular income streams and economic volatility experienced by low-income borrowers can lead to difficulties in repaying loans, which in turn can affect the long-term viability of microfinance institutions.

Market Trends of the Global Microfinance Market

The increasing digitization of microfinance operations not only boosts efficiency, cuts expenses, and enhances customer satisfaction but also facilitates the seamless integration of technology into microfinance services.

Product Code: SQMIG40F2001

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Microfinance Market by Provider

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

Global Microfinance Market by End-User

Market Overview
Small Enterprises
Micro Enterprises
Solo Entrepreneurs or Self-Employed

Global Microfinance Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Grameen Bank (Bangladesh)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SKS Microfinance (India) - Now part of Bharat Financial Inclusion Limited (BFIL)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Compartamos Banco (Mexico)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ASA International (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BRAC (Bangladesh)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bandhan Bank (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Opportunity International (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
FINCA International (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Accion International (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kiva (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oikocredit (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fundacion Genesis Empresarial (FGE) (Ecuador)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ujjivan Financial Services (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Equitas Small Finance Bank (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amhara Credit and Savings Institution (ACSI) (Ethiopia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fonkoze (Haiti)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PRASAC (Cambodia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SKDRDP (Shri Kshetra Dharmasthala Rural Development Project) (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pro Mujer (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Women's World Banking (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Microfinance Market Size, Share, Growth Analysis, By Provider(Banks, Micro Finance Institute (MFI)), By End-User(Small Enterprises, Micro Enterprises) - Industry Forecast 2024-2031