Global Microfinance Market

May 2024 | 111 pages | ID: G45E5001237FEN
Evolve Business Intelligence

Abstracts

Global Microfinance Market By Tenure (Less than 1 Year, 1-2 Years, More than 2 Years), By Purpose (Agriculture, Manufacturing/ Production, Trade & Services, Household, Others), By Provider Type (Banks, Microfinance Institute, Non-banking Financial Corporation, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 t-2034

The global Microfinance market was valued at $251.63 Billion in 2023 and is anticipated t-grow at a CAGR of 11.46% from 2024 t-2034. This growth is attributed t-several macr-and microeconomic factors such as

• Growth of Microenterprises

he growth of microenterprises serves as a pivotal driving force within the microfinance market, exerting a profound impact on both economic and social landscapes. Microenterprises, typically small-scale ventures operated by individuals or small teams, are often situated in low-income communities or developing regions. As these enterprises expand, they generate a heightened demand for financial services, including credit, savings, insurance, and payment mechanisms. Microfinance institutions (MFIs) respond t-this demand by offering tailored financial products and services, thus facilitating the growth trajectory of microenterprises. Moreover, the proliferation of microenterprises expands the client base of MFIs, fostering greater outreach and sustainability within the microfinance market. This growth not only generates employment opportunities but als-plays a pivotal role in poverty reduction and economic development. By providing access t-financial resources, microfinance enables entrepreneurs t-invest in their businesses, create jobs, and elevate their living standards. Additionally, microfinance institutions often provide training, mentorship, and support services, nurturing entrepreneurship and fostering innovation within communities. The social impact of microenterprise growth extends beyond economic development, contributing t-empowerment and inclusion. Microfinance serves as a catalyst for women and marginalized groups, offering avenues for economic independence and empowerment. Furthermore, thriving microenterprises can drive community development initiatives, enhancing access t-essential services such as education and healthcare. In summary, the growth of microenterprises underscores the integral role of microfinance in fostering inclusive and sustainable development, facilitating economic growth, and promoting positive social change.

Further several factors restraining the market growth include

• High cost associated with Microfinance

The high cost of microfinance stands as a formidable obstacle within the microfinance market, exerting considerable influence on both microfinance institutions (MFIs) and their clientele. This cost encompasses various facets, including operational expenditures, interest rates, and transaction fees, among others. Firstly, it restricts access t-financial services for the very individuals microfinance aims t-assist—the impoverished and financially marginalized—due t-exorbitant interest rates and fees that render borrowing unaffordable for many microentrepreneurs. Consequently, a significant portion of the target demographic remains excluded from formal financial channels, perpetuating economic disparity. Secondly, the financial sustainability of MFIs is compromised by the need t-cover substantial operational and risk-related expenses, often necessitating high interest rates t-offset potential losses. Balancing financial viability with client affordability becomes challenging, especially given regulatory compliance costs. Additionally, the risk of over-indebtedness looms large, as clients struggle t-repay loans amidst high borrowing costs, potentially leading t-systemic instability. Thirdly, the adverse impact on client welfare is palpable, with excessive interest rates and fees impeding business growth and exacerbating poverty among already vulnerable populations. Moreover, the market distortions and lack of competition resulting from exorbitant costs further compound the affordability and accessibility challenges faced by microfinance clients. Addressing these complexities demands a holistic approach focused on reducing costs, enhancing efficiency, and fostering responsible lending practices t-unleash the transformative potential of microfinance in fostering inclusive and sustainable development.

Rapid technological advancements and collaborations and alliances in the Microfinance market are expected t-generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led t-supply shortages or lower demand in the Microfinance market. The pandemic has caused a decline in new orders and a corresponding decrease in Purposeion.

This section will analyze how COVID-19 has impacted supply chains, leading t-shortages and lower demand for Microfinance.

In terms of COVID-19 impact, the Microfinance market report als-includes the following data points:

• Impact on Microfinance market size
• Operating Weights Trend, Preferences, and Budget Impact
• Regulatory Framework/Outdoor Policies
• Key Players' Strategy t-Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Microfinance market

Key Insight in the report:

The global Microfinance market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Purposes.

Our report covers extensive competitive intelligence which includes the following data points:

• Business Overview
• Business Segment Data
• Financial Data
• Purpose Segment Analysis and Specification
• Recent Development and Company Strategy Analysis
• SWOT Analysis

Microfinance Market Segmentation:

• Tenure
• Less than 1 Year
• 1-2 Years
• More than 2 Years
• Purpose
• Agriculture
• Manufacturing/ Production
• Trade & Services
• Household
• Others
• Provider Type
• Banks
• Microfinance Institute
• Non-banking Financial Corporation
• Others

Region/ Countries Covered:

• North America
• US
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• BeNeLux
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• Australia
• India
• South Korea
• Thailand
• Indonesia
• Malaysia
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East & Africa

Key Players Analyzed in the Report:

• AL AMANA MICROFINANCE
• Annapurna Finance (P) Ltd
• Bandhan Bank Ltd
• CDC Small Business Finance
• KIVA MICROFUNDS
• KOTAK MAHINDRA BANK LTD.
• IndusInd Bank Ltd.
• PACIFIC COMMUNITY VENTURES
• BRAC International
• IGP Advantag AG

Contents

CHAPTER 1. EXECUTIVE SUMMARY

CHAPTER 2. SCOPE OF THE STUDY

2.1. Market Definition
2.2. Market Scope & Segmentation
  2.2.1. Objective of Report

CHAPTER 3. EVOLVE BI METHODOLOGY

3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast

CHAPTER 4. MARKET INSIGHTS AND TRENDS

4.1. Value Chain Analysis
  4.1.1. Input Suppliers
  4.1.2. Microfinance Institutions
  4.1.3. Distribution Channel
  4.1.4. End-User
4.2. Porter’s Five Forces Analysis
  4.2.1. Bargaining Power of Buyers
  4.2.2. Bargaining Power of Suppliers
  4.2.3. Threat of New Entrant
  4.2.4. Threat of Substitute
  4.2.5. Industry Rivalry
4.3. COVID-19 Impact and Post COVID Scenario on Microfinance Market
  4.3.1. Impact of COVID-19
  4.3.2. Government Support and Industry Revival Policies
  4.3.3. Measures Taken by Companies to Mitigate Negative Impact
  4.3.4. Post COVID Trend

CHAPTER 5. MARKET DYNAMICS

5.1. Introduction
5.2. Drivers
  5.2.1. Increasing focus on financial inclusion for the unbanked population
  5.2.2. Growth of Microenterprises
  5.2.3. Growing adoption of entrepreneurship
5.3. Restraints
  5.3.1. High Cost of Microfinance
5.4. Opportunity
  5.4.1. Development of advanced technologies

CHAPTER 6. GLOBAL MICROFINANCE MARKET, BY TENURE

6.1. Introduction
  6.1.1. Less than 1 Year
  6.1.2. 1-2 Years
  6.1.3. More than 2 Years

CHAPTER 7. GLOBAL MICROFINANCE MARKET, BY PURPOSE

7.1. Introduction
  7.1.1. Agriculture
  7.1.2. Manufacturing/ Production
  7.1.3. Trade & Services
  7.1.4. Household
  7.1.5. Others

CHAPTER 8. GLOBAL MICROFINANCE MARKET, BY PROVIDER TYPE

8.1. Introduction
  8.1.1. Banks
  8.1.2. Microfinance Institute
  8.1.3. Non-banking Financial Corporation
  8.1.4. Others

CHAPTER 9. GLOBAL MICROFINANCE MARKET, BY REGION

9.1. Introduction
9.2. North America
  9.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
  9.2.2. North America: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
  9.2.3. North America: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
  9.2.4. North America: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.2.5. US
    9.2.5.1. US: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.2.5.2. US: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.2.5.3. US: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.2.6. Canada
    9.2.6.1. Canada: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.2.6.2. Canada: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.2.6.3. Canada: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.2.7. Mexico
    9.2.7.1. Mexico: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.2.7.2. Mexico: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.2.7.3. Mexico: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
9.3. Europe
  9.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
  9.3.2. Europe: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
  9.3.3. Europe: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
  9.3.4. Europe: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.5. U.K.
    9.3.5.1. U.K.: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.5.2. U.K.: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.5.3. U.K.: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.6. Germany
    9.3.6.1. Germany: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.6.2. Germany: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.6.3. Germany: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.7. France
    9.3.7.1. France: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.7.2. France: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.7.3. France: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.8. Italy
    9.3.8.1. Italy: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.8.2. Italy: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.8.3. Italy: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.9. Spain
    9.3.9.1. Spain: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.9.2. Spain: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.9.3. Spain: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.10. BeNeLux
    9.3.10.1. BeNeLux: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.10.2. BeNeLux: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.10.3. BeNeLux: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.11. Russia
    9.3.11.1. Russia: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.11.2. Russia: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.11.3. Russia: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.3.12. Rest of Europe
    9.3.12.1. Rest of Europe: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.3.12.2. Rest of Europe: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.3.12.3. Rest of Europe: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
9.4. Asia Pacific
  9.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
  9.4.2. Asia Pacific: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
  9.4.3. Asia Pacific: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
  9.4.4. Asia Pacific: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.5. China
    9.4.5.1. China: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.5.2. China: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.5.3. China: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.6. Japan
    9.4.6.1. Japan: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.6.2. Japan: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.6.3. Japan: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.7. Australia
    9.4.7.1. Australia: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.7.2. Australia: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.7.3. Australia: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.8. India
    9.4.8.1. India: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.8.2. India: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.8.3. India: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.9. South Korea
    9.4.9.1. South Korea: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.9.2. South Korea: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.9.3. South Korea: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.10. Malaysia
    9.4.10.1. Malaysia: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.10.2. Malaysia: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.10.3. Malaysia: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.11. Thailand
    9.4.11.1. Thailand: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.11.2. Thailand: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.11.3. Thailand: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.12. Indonesia
    9.4.12.1. Indonesia: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.12.2. Indonesia: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.12.3. Indonesia: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.4.13. Rest of Asia Pacific
    9.4.13.1. Rest of Asia Pacific: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.4.13.2. Rest of Asia Pacific: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.4.13.3. Rest of Asia Pacific: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
9.5. South America
  9.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
  9.5.2. South America: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
  9.5.3. South America: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
  9.5.4. South America: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.5.5. Brazil
    9.5.5.1. Brazil: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.5.5.2. Brazil: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.5.5.3. Brazil: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.5.6. Argentina
    9.5.6.1. Argentina: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.5.6.2. Argentina: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.5.6.3. Argentina: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.5.7. Rest of South America
    9.5.7.1. Rest of South America: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.5.7.2. Rest of South America: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.5.7.3. Rest of South America: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
9.6. Middle East & Africa
  9.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
  9.6.2. Middle East & Africa: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
  9.6.3. Middle East & Africa: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
  9.6.4. Middle East & Africa: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.6.5. Saudi Arabia
    9.6.5.1. Saudi Arabia: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.6.5.2. Saudi Arabia: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.6.5.3. Saudi Arabia: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.6.6. UAE
    9.6.6.1. UAE: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.6.6.2. UAE: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.6.6.3. UAE: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.6.7. Egypt
    9.6.7.1. Egypt: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.6.7.2. Egypt: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.6.7.3. Egypt: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.6.8. South Africa
    9.6.8.1. South Africa: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.6.8.2. South Africa: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.6.8.3. South Africa: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)
  9.6.9. Rest of Middle East & Africa
    9.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Tenure, 2021 – 2034 ($ Million)
    9.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Purpose, 2021 – 2034 ($ Million)
    9.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By Provider Type, 2021 – 2034 ($ Million)

CHAPTER 10. COMPETITIVE LANDSCAPE

10.1. Competitior Benchmarking 2023
10.2. Market Share Analysis, 2023
10.3. Key Developments Analysis By Top 5 Companies
10.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players

CHAPTER 11. COMPANY PROFILES

11.1. AL AMANA MICROFINANCE
  11.1.1. Business Overview
  11.1.2. Product Portfolio
11.2. Annapurna Finance (P) Ltd
  11.2.1. Business Overview
  11.2.2. Financial Analysis
  11.2.3. Product Portfolio
  11.2.4. Recent Development and Strategies Adopted
  11.2.5. SWOT Analysis
11.3. Bandhan Bank Ltd
  11.3.1. Business Overview
  11.3.2. Financial Analysis
    11.3.2.1. Business Segment Revenue, 2023
  11.3.3. Product Portfolio
  11.3.4. Recent Development and Strategies Adopted
  11.3.5. SWOT Analysis
11.4. CDC Small Business Finance
  11.4.1. Business Overview
  11.4.2. Product Portfolio
  11.4.3. Recent Development and Strategies Adopted
11.5. KIVA MICROFUNDS
  11.5.1. Business Overview
  11.5.2. Financial Analysis
    11.5.2.1. Business Segment Revenue, 2023
  11.5.3. Product Portfolio
  11.5.4. Recent Development and Strategies Adopted
  11.5.5. SWOT Analysis
11.6. KOTAK MAHINDRA BANK LTD.
  11.6.1. Business Overview
  11.6.2. Financial Analysis
    11.6.2.1. Business Segment Revenue, 2023, $ Million
  11.6.3. Product Portfolio
  11.6.4. Recent Development and Strategies Adopted
  11.6.5. SWOT Analysis
11.7. IndusInd Bank Ltd.
  11.7.1. Business Overview
  11.7.2. Financial Analysis
    11.7.2.1. Business Segment Revenue, 2023
  11.7.3. Product Portfolio
  11.7.4. Recent Development and Strategies Adopted
  11.7.5. SWOT Analysis
11.8. PACIFIC COMMUNITY VENTURES
  11.8.1. Business Overview
  11.8.2. Product Portfolio
11.9. BRAC International
  11.9.1. Business Overview
  11.9.2. Financial Analysis
    11.9.2.1. Business Segment Revenue, 2023
  11.9.3. Product Portfolio
  11.9.4. Recent Development and Strategies Adopted
11.10. IGP Advantag AG
  11.10.1. Business Overview
  11.10.2. Product Portfolio