Microfinance Market Analysis and Forecast to 2030: | Key Players: Annapurna Finance (P) Ltd, Bank Rakyat Indonesia (BRI)

According to a report from Evolve Business Intelligence, the global Microfinance market is expected to achieve a market size of $505.6 Billion by 2030, and grow at a CAGR of 10.36% from 2022 to 2030. The study covers insights regarding growth leveraging factors and investment strategies for each of the reader's analysts. The reader will gain valuable insights regarding key players and their developmental outlook for 2019, 2020, and 2021. This latest report on Pre-COVID-19 and Post-COVID-19 impact analysis will help investors with keeping up-to-date with current market activity and plan future investments accordingly.

Growth Factors
There are various factors fueling the Microfinance market, these include the growth coming from new entrants and innovation in the segment, and the increasing number of small businesses and start-ups around the world.

The emergence of new entrants bringing in innovation
Microfinance is the practice of lending very small amounts of money to people or businesses in order to give them an opportunity to begin or further their business. In the modern world, there is a shift from traditional lending toward microfinance. This shift is largely due to the fact that microfinance is simpler, quicker, and more affordable for borrowers. This is also due to the emergence of microfinance companies, which are able to provide loans to a wide variety of people, from students to people in small businesses or owning their own homes. Another way in which digital microfinance is gaining significant market share is through the ever-increasing ease of applying for a loan and the many benefits which drive lenders towards digital platforms. For example, automated loan management and rapid approval make digital platforms an easy choice, making it easier for lenders to track the status of loans more easily and for borrowers to quickly find out about the time commitment required.

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Increase in the number of startups and small businesses
Microfinance is a business model that provides financial services to people who have limited access to financial institutions, for instance, small businesses, start-ups Small businesses are usually the backbone of any economy. In many underdeveloped countries, they are the major driver behind the growth in GDP and the restoration of manufacturing. Loan-based financial institutions are vital to their success, that's why the microfinance market is expected to flourish. Microfinance institutions have been able to provide small-scale business owners with the opportunity to start, grow and even expand their business by many folds.

Growth Opportunities
Previously, microfinance was something that was only available in developing nations. With the rise in the adoption of smartphones, internet usage, and social media, microfinance initiatives are now able to spread awareness of these organizations to other countries. It's the perfect alternative for people that don't have a steady income or credit score but are in need of short-term loans. As the microfinance industry expands, the interest in these loans will continue to grow as well.

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The report includes 10 key players in the Microfinance market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• Annapurna Finance (P) Ltd
• Bank Rakyat Indonesia (BRI)
• Bandhan Bank
• CDC Small Business Finance
• Cashpor Micro Credit
• Grameen America
• Grameen Bank
• Kiva
• Madura Microfinance Ltd.
• Pacific Community Ventures Inc.

The research team has conducted a study of the Microfinance market. This study has indicated a positive outlook for the future based on current and past data as well as an in-depth examination of key trends that could impact the long-term performance of this sector. Based on our findings, we see opportunities for growth in some key specific areas that we believe are ripe for new applications. To determine the amounts of these opportunities, we closely investigated factors such as how accessible the required raw materials were and how easily accessible sources could be to those who would be potentially interested in knowing more about these materials and their unique qualities so that they could consider incorporating them into their manufacturing process or commercializing them.

The study discusses the growth potential of the Microfinance market on a global scale, by region and by country. The report analyzes how and why market trends affect the market in different parts of the world. Then, it sheds light on opportunities available for companies looking to get involved in this industry irrespective of the product or service they are offering.

Impact of COVID-19 & Post Covid Scenario
The COVID-19 pandemic has been impacting the industry for the past year. Several financial impacts including disruptions have been felt over a long period of time across diverse markets. Our research has interviewed hundreds of people in the same geographical markets to collect information.

In terms of COVID 19 impact, the microfinance market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Market Segment By Provider with a focus on market share, consumption trend, and growth rate of Microfinance Market:
o Banks
o Non-banks

Market Segment By Service Type with focus on market share, consumption trend, and growth rate of Microfinance Market:
o Group and individual microcredit
o Leasing
o Micro investment funds
o Insurance
o Savings and checking accounts
o Others

Global Microfinance Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

Key Matrix
• Base Year: 2021
• Estimated Year: 2022
• CAGR: 2022 to 2030

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About EvolveBI
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