Press release
Micro Lending Market Poised for Expansion: Projected to Hit $343.84 Billion by 2027 | Funding Circle, Kiva, Accion International | Competitive Landscape and Trend Analysis Report
According to the report published by Allied Market Research, the global micro lending market was estimated at $134.35 billion in 2019 and is expected to hit $343.84 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027.โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐
https://www.alliedmarketresearch.com/request-sample/A06003
The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
Increase in adoption of micro lending in developing nations for improving lifestyle, shift from traditional lending to micro lending, and lesser operating cost and low market risks drive the growth of the global micro lending market. On the other hand, high interest on small amount and shorter repayment time provided by micro lenders restrain the growth to some extent. Nevertheless, adoption of advance technology in micro financing is projected to create lucrative opportunities in the near future.
Covid-19 scenario-
The outbreak of covid-19 led to shutdown of many micro and small businesses, thereby affecting the global micro lending market.
Simultaneously, the worldwide pandemic situation also hampered the cash flow of several business operations, which in turn paved the way for lucrative opportunities for the frontrunners in the industry.
The global micro lending market is analyzed across service providers, end user, and region.
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ ๐จ๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐ฉ๐๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ :
https://www.alliedmarketresearch.com/request-for-customization/A06003
Based on providers, the banks segment contributed to nearly half of the total market share in 2019, and is anticipated to rule the roost by the end of 2027. At the same time, the Micro Finance Institute (MFI) segment would register the fastest CAGR of 14.0% throughout the forecast period.
Based on end user, the small enterprises segment accounted for nearly two-fifths of the total market revenue in 2019, and is expected to lead the trail by 2027. The solo entrepreneurs or self-employed segment, on the other hand, would exhibit the fastest CAGR of 13.9% from 2020 to 2027.
Based on geography, Asia-Pacific generated the major share in 2019, garnering around half of the global micro lending market. The same region would also showcase the fastest CAGR of 13.0% by 2027. The other three regions studied in the report include North America, Europe, and LAMEA.
The key market players analyzed in the global micro lending market report include Accion International, BlueVine, Inc., Fundera, Inc., Funding Circle, Kabbage, Inc., Kiva, Lendio, LENDR, OnDeck, and StreetShares, Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Key Findings Of The Study
By service provider, the banks segment accounted for the micro lending market share in 2019.
Region wise, Asia-Pacific generated the highest revenue in 2019.
Depending on end user, the small enterprises segment accounted for the micro lending industry share in 2019.
โก๏ธ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ @
https://www.alliedmarketresearch.com/checkout-final/d59ed55b78bad081a6a5facaffe88098?utm_source=AMR&utm_medium=research&utm_campaign=P19623
Rise in adoption of micro lending in developing nations for improving lifestyle, shift from traditional lending to micro lending, and lesser operating cost and low market risks fuel the growth of the global micro lending market. On the other hand, high interest on small amount and shorter repayment time provided by micro lenders impede the growth to some extent. However, adoption of advance technology in micro financing is expected to create lucrative opportunities for the key players in the industry.
โก๏ธ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐:
Payment Card Market https://www.alliedmarketresearch.com/payment-card-market-A06005
Business Analytics in FinTech Market https://www.alliedmarketresearch.com/business-analytics-in-fintech-market-A31471
P&C Insurance Software Market https://www.alliedmarketresearch.com/p&c-insurance-software-market-A31324
Syndicated Loans Market https://www.alliedmarketresearch.com/syndicated-loans-market-A31434
Canada Extended Warranty Market https://www.alliedmarketresearch.com/canada-extended-warranty-market-A24713
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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