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Micro Lending Market Size, Share & Trends Analysis Report By Service Provider (Banks, Micro Finance Institutes (MFIs)), By End-user (Solo Entrepreneurs & Individuals, Micro, Small & Medium Enterprises), By Region, And Segment Forecasts, 2022 - 2030

October 2022 | 130 pages | ID: M88CD2FA644BEN
Grand View Research, Inc.

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Micro Lending Market Growth & Trends

The global micro lending market size is expected to reach USD 86.82 billion by 2030, growing at a CAGR of 13.4% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growth is anticipated to be driven by several advantages offered by micro lending to the loan providers, such as the easy accessibility to offer loans within and aboard the country and earning more interest rates compared to the traditional fixed deposit and other investments. Furthermore, the growing demand for micro lending by individuals through peer-to-peer lending platforms is another major factor driving the market’s growth.

Furthermore, the initiatives undertaken by the government to offer support to various financial enterprises and grants to NGOs bode well for the growth of the micro lending industry. For instance, the Indian government, through Pradhan Mantri Mudra Yojana, offers refinancing support to MFIs and banks for lending to micro units requiring loans up to 10 lakhs (USD 15,661). In addition, the increasing potential of entrepreneurs to start a business with small capital support is another factor expected to drive growth over the forecast period.

The technological advancements and implementation of several technologies such as Artificial Intelligence (AI) to reduce the expenses of companies related to microloan applications are anticipated to drive the growth of the market. Furthermore, the growing digitalization, increasing adoption of smartphones, and use of e-wallets have enabled borrowers to repay loans with ease. Hence, such digital trends in the market are expected to create growth opportunities for the industry over the forecast period.

The global COVID-19 pandemic adversely impacted market growth in 2021. However, micro lending platforms have enabled SMEs and other business owners to grow significantly by leveraging micro-loans to increase the capital of the businesses to survive the pandemic. Furthermore, the growing tendency of companies to gain small loans, aided by several government initiatives, is expected to create new growth opportunities for the industry over the forecast period.

Micro Lending Market Report Highlights
  • The banks segment dominated the market in 2021. The growing demand for micro lending from SMEs and other business owners has influenced banking firms to offer micro lending services to the customers which thereby accentuated the segment growth
  • The micro, small & medium enterprises segment held the dominant revenue share in 2021 and it is expected to maintain its dominance over the forecast period registering the highest CAGR. The ease in availing loans due to little or no collateral requirement is anticipated to fuel the growth of the segment
  • The Asia Pacific region held the dominant revenue share in 2021. The growing government initiatives to support start-ups and new businesses by providing small loans are expected to drive the growth of the regional market over the forecast period
CHAPTER 1 METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1. Micro Lending Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2. Global Micro Lending Market, 2017 - 2030
  2.2.1. Global micro lending market, by region, 2017 - 2030
  2.2.2. Global micro lending market, by service provider, 2017 - 2030
  2.2.3. Global micro lending market, by end-user, 2017 - 2030

CHAPTER 3 MICRO LENDING INDUSTRY OUTLOOK

3.1. Market Segmentation and Scope
3.2. Market Size and Growth Prospects
3.3. Micro Lending Market - Value Chain Analysis
3.4. Micro Lending Market - Market Dynamics
  3.4.1. Market driver analysis
    3.4.1.1. Increasing adoption of micro lending in emerging countries for improving lifestyle
    3.4.1.2. Growing shift from traditional lending to micro lending
  3.4.2. Market challenge analysis
    3.4.2.1. High interest rates on small amount and shorter repayment time provided by micro lenders
3.5. Micro Lending Market - Porter’s Five Forces Analysis
3.6. Micro Lending Market - PESTEL Analysis

CHAPTER 4 INVESTMENT LANDSCAPE ANALYSIS

4.1. Investment Raised by Companies
4.2. Investment Strategies by Companies
4.3. Micro Lending Investment Opportunities
4.4. P2P Lending Platform Investment Returns, 2021

CHAPTER 5 MICRO LENDING SERVICE PROVIDER OUTLOOK

5.1. Micro Lending Market Share By Service Provider, 2021
5.2. Banks
  5.2.1. Micro lending market by banks, 2017 - 2030
5.3. Micro finance institutes (MFIs)
  5.3.1. Micro lending market by micro finance institutes (MFIs), 2017 - 2030

CHAPTER 6 MICRO LENDING END-USER OUTLOOK

6.1. Micro Lending Market Share By End-user, 2021
6.2. Solo Entrepreneurs & Individuals
  6.2.1. Micro lending market by solo entrepreneurs & individuals, 2017 - 2030
6.3. Micro, Small & Medium Enterprises
  6.3.1. Micro lending market by micro, small & medium enterprises, 2017 - 2030

CHAPTER 7 MICRO LENDING REGIONAL OUTLOOK

7.1. Micro Lending Market Share By Region, 2021
7.2. North America
  7.2.1. North America micro lending market, 2017 - 2030
  7.2.2. North America micro lending market, by service provider, 2017 - 2030
  7.2.3. North America micro lending market, by end-user, 2017 - 2030
  7.2.4. U.S.
    7.2.4.1. U.S. micro lending market, 2017 - 2030
    7.2.4.2. U.S. micro lending market, by service provider, 2017 - 2030
    7.2.4.3. U.S. micro lending market, by end-user, 2017 - 2030
  7.2.5. Canada
    7.2.5.1. Canada micro lending market, 2017 - 2030
    7.2.5.2. Canada micro lending market, by service provider, 2017 - 2030
    7.2.5.3. Canada micro lending market, by end-user, 2017 - 2030
7.3. Europe
  7.3.1. Europe micro lending market, 2017 - 2030
  7.3.2. Europe micro lending market, by service provider, 2017 - 2030
  7.3.3. Europe micro lending market, by end-user, 2017 - 2030
  7.3.4. U.K.
    7.3.4.1. U.K. micro lending market, 2017 - 2030
    7.3.4.2. U.K. micro lending market, by service provider, 2017 - 2030
    7.3.4.3. U.K. micro lending market, by end-user, 2017 - 2030
  7.3.5. Germany
    7.3.5.1. Germany micro lending market, 2017 - 2030
    7.3.5.2. Germany micro lending market, by service provider, 2017 - 2030
    7.3.5.3. Germany micro lending market, by end-user, 2017 - 2030
  7.3.6. Italy
    7.3.6.1. Italy micro lending market, 2017 - 2030
    7.3.6.2. Italy micro lending market, by service provider, 2017 - 2030
    7.3.6.3. Italy micro lending market, by end-user, 2017 - 2030
  7.3.7. France
    7.3.7.1. France micro lending market, 2017 - 2030
    7.3.7.2. France micro lending market, by service provider, 2017 - 2030
    7.3.7.3. France micro lending market, by end-user, 2017 - 2030
  7.3.8. Spain
    7.3.8.1. Spain micro lending market, 2017 - 2030
    7.3.8.2. Spain micro lending market, by service provider, 2017 - 2030
    7.3.8.3. Spain micro lending market, by end-user, 2017 - 2030
7.4. Asia Pacific
  7.4.1. Asia Pacific micro lending market, 2017 - 2030
  7.4.2. Asia Pacific micro lending market, by service provider, 2017 - 2030
  7.4.3. Asia Pacific micro lending market, by end-user, 2017 - 2030
  7.4.4. China
    7.4.4.1. China micro lending market, 2017 - 2030
    7.4.4.2. China micro lending market, by service provider, 2017 - 2030
    7.4.4.3. China micro lending market, by end-user, 2017 - 2030
  7.4.5. India
    7.4.5.1. India micro lending market, 2017 - 2030
    7.4.5.2. India micro lending market, by service provider, 2017 - 2030
    7.4.5.3. India micro lending market, by end-user, 2017 - 2030
  7.4.6. Japan
    7.4.6.1. Japan micro lending market, 2017 - 2030
    7.4.6.2. Japan micro lending market, by service provider, 2017 - 2030
    7.4.6.3. Japan micro lending market, by end-user, 2017 - 2030
  7.4.7. Indonesia
    7.4.7.1. Indonesia micro lending market, 2017 - 2030
    7.4.7.2. Indonesia micro lending market, by service provider, 2017 - 2030
    7.4.7.3. Indonesia micro lending market, by end-user, 2017 - 2030
  7.4.8. Australia
    7.4.8.1. Australia micro lending market, 2017 - 2030
    7.4.8.2. Australia micro lending market, by service provider, 2017 - 2030
    7.4.8.3. Australia micro lending market, by end-user, 2017 - 2030
7.5. Latin America
  7.5.1. Latin America micro lending market, 2017 - 2030
  7.5.2. Latin America micro lending market, by service provider, 2017 - 2030
  7.5.3. Latin America micro lending market, by end-user, 2017 - 2030
  7.5.4. Brazil
    7.5.4.1. Brazil micro lending market, 2017 - 2030
    7.5.4.2. Brazil micro lending market, by service provider, 2017 - 2030
    7.5.4.3. Brazil micro lending market, by end-user, 2017 - 2030
  7.5.5. Mexico
    7.5.5.1. Mexico micro lending market, 2017 - 2030
    7.5.5.2. Mexico micro lending market, by service provider, 2017 - 2030
    7.5.5.3. Mexico micro lending market, by end-user, 2017 - 2030
7.6. MEA
  7.6.1. MEA micro lending market, 2017 - 2030
  7.6.2. MEA micro lending market, by service provider, 2017 - 2030
  7.6.3. MEA micro lending market, by end-user, 2017 - 2030

CHAPTER 8 COMPETITIVE ANALYSIS

8.1. Recent Developments and Impact Analysis, by Key Market Participants
8.2. Company Categorization
8.3. Vendor Landscape
  8.3.1. Key company market share analysis, 2021
8.4. Company Analysis Tools
  8.4.1. Company market position analysis
  8.4.2. Competitive dashboard analysis

CHAPTER 9 COMPETITIVE LANDSCAPE

9.1. Funding Circle
  9.1.1. Company overview
  9.1.2. Financial performance
  9.1.3. Product benchmarking
  9.1.4. Strategic initiatives
9.2. American Express
  9.2.1. Company overview
  9.2.2. Financial performance
  9.2.3. Product benchmarking
  9.2.4. Strategic initiatives
9.3. OnDeck
  9.3.1. Company overview
  9.3.2. Financial performance
  9.3.3. Product benchmarking
  9.3.4. Strategic initiatives
9.4. Accion Microfinance Bank Limited
  9.4.1. Company overview
  9.4.2. Financial performance
  9.4.3. Product benchmarking
  9.4.4. Strategic initiatives
9.5. Biz2Credit Inc
  9.5.1. Company overview
  9.5.2. Financial performance
  9.5.3. Product benchmarking
  9.5.4. Strategic initiatives
9.6. Fundbox
  9.6.1. Company overview
  9.6.2. Financial performance
  9.6.3. Product benchmarking
  9.6.4. Strategic initiatives
9.7. LendingClub Bank
  9.7.1. Company overview
  9.7.2. Financial performance
  9.7.3. Product benchmarking
  9.7.4. Strategic initiatives
9.8. Lendio
  9.8.1. Company overview
  9.8.2. Financial performance
  9.8.3. Product benchmarking
  9.8.4. Strategic initiatives
9.9. Zopa Bank Limited
  9.9.1. Company overview
  9.9.2. Financial performance
  9.9.3. Product benchmarking
  9.9.4. Strategic initiatives
9.10. LiftFund
  9.10.1. Company overview
  9.10.2. Financial performance
  9.10.3. Product benchmarking
  9.10.4. Strategic initiatives
LIST OF TABLES

Table 1. Micro Lending market - Industry snapshot & key buying criteria, 2017 - 2030
Table 2. Global micro lending market, 2017 - 2030 (USD Million)
Table 3. Global micro lending market, by region, 2017 - 2030 (USD Million)
Table 4. Global micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 5. Global micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 6. Micro lending market by banks, 2017 - 2030 (USD Million)
Table 7. Micro lending market by banks, by region, 2017 - 2030 (USD Million)
Table 8. Micro lending market by micro finance institutes (MFIs), 2017 - 2030 (USD Million)
Table 9. Micro lending market by micro finance institutes (MFIs), by region, 2017 - 2030 (USD
Table 10. Micro lending market by solo entrepreneurs & individuals, 2017 - 2030 (USD Million)
Table 11. Micro lending market by solo entrepreneurs & individuals, by region, 2017 - 2030 (USD Million)
Table 12. Micro lending market by micro, small & medium enterprises, 2017 - 2030 (USD Million)
Table 13. Micro lending market by micro, small & medium enterprises, by region, 2017 - 2030 (USD Million)
Table 14. North America micro lending market, 2017 - 2030 (USD Million)
Table 15. North America micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 16. North America micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 17. U.S. micro lending market, 2017 - 2030 (USD Million)
Table 18. U.S. micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 19. U.S. micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 20. Canada micro lending market, 2017 - 2030 (USD Million)
Table 21. Canada micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 22. Canada micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 23. Europe micro lending market, 2017 - 2030 (USD Million)
Table 24. Europe micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 25. Europe micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 26. U.K. micro lending market, 2017 - 2030 (USD Million)
Table 27. U.K. micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 28. U.K. micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 29. Germany micro lending market, 2017 - 2030 (USD Million)
Table 30. Germany micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 31. Germany micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 32. Italy micro lending market, 2017 - 2030 (USD Million)
Table 33. Italy micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 34. Italy micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 35. France micro lending market, 2017 - 2030 (USD Million)
Table 36. France micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 37. France micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 38. Spain micro lending market, 2017 - 2030 (USD Million)
Table 39. Spain micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 40. Spain micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 41. Asia Pacific micro lending market, 2017 - 2030 (USD Million)
Table 42. Asia Pacific micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 43. Asia Pacific micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 44. China micro lending market, 2017 - 2030 (USD Million)
Table 45. China micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 46. China micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 47. India micro lending market, 2017 - 2030 (USD Million)
Table 48. India micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 49. India micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 50. Japan micro lending market, 2017 - 2030 (USD Million)
Table 51. Japan micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 52. Japan micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 53. Indonesia micro lending market, 2017 - 2030 (USD Million)
Table 54. Indonesia micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 55. Indonesia micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 56. Australia micro lending market, 2017 - 2030 (USD Million)
Table 57. Australia micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 58. Australia micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 59. Latin America micro lending market, 2017 - 2030 (USD Million)
Table 60. Latin America micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 61. Latin America micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 62. Brazil micro lending market, 2017 - 2030 (USD Million)
Table 63. Brazil micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 64. Brazil micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 65. Mexico micro lending market, 2017 - 2030 (USD Million)
Table 66. Mexico micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 67. Mexico micro lending market, by end-user, 2017 - 2030 (USD Million)
Table 68. MEA micro lending market, 2017 - 2030 (USD Million)
Table 69. MEA micro lending market, by service provider, 2017 - 2030 (USD Million)
Table 70. MEA micro lending market, by end-user, 2017 - 2030 (USD Million)
LIST OF FIGURES

Fig 1. Market segmentation and scope
Fig 2. Global micro lending market, 2017 - 2030 (USD Million)
Fig 3. Micro lending market - Value chain analysis
Fig 4. Micro lending market - Market dynamics
Fig 5. Micro lending market - Key market driver impact
Fig 6. Micro lending market - Key market challenge impact
Fig 7. Key opportunities prioritized
Fig 8. Micro lending market - Porter’s five forces analysis
Fig 9. Micro lending market - Company market share analysis, 2021
Fig 10. Micro lending market - PESTEL analysis
Fig 11. Micro lending market, by service provider, 2021
Fig 12. Micro lending market, by end-user, 2021
Fig 13. Micro lending market, by region, 2021
Fig 14. Micro lending market - Regional takeaways
Fig 15. North America micro lending market - Key takeaways
Fig 16. Europe micro lending market - Key takeaways
Fig 17. Asia Pacific micro lending market - Key takeaways
Fig 18. Latin America micro lending market - Key takeaways
Fig 19. MEA micro lending market - Key takeaways


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