Microfinance market size to grow by USD 122.46 billion from 2021 to 2026, Quick and easy access to credit to improve the market growth - Technavio

NEW YORK, May 8, 2023 /PRNewswire/ -- The microfinance market is set to grow by USD 122.46 billion from 2021 to 2026. The market is expected to progress at a CAGR of 11.61% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Quick and easy access to credit is one of the major drivers fueling the microfinance market growth. If a financial institution accepts an application, it may take another few weeks or months before the credit is authorized and transferred, and many banks have policies that restrict them from providing loans to certain businesses, such as restaurants and clinics. However, microfinance provides quick and easy access to credit. Hence, the growth of online microfinance platforms has simplified access to funds. Here is an exclusive report about market scenarios and forecast period (2022-2026). Download Sample Report in minutes!

The microfinance market covers the following areas:

Microfinance Market Sizing
Microfinance Market Forecast
Microfinance Market Analysis

The report on the microfinance market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Microfinance Market 2022-2026 - Market Dynamics

• Rapid growth in APAC is one of the major trends influencing the microfinance market growth. Microfinance institutions, including P2P lending, crowdfunding, and invoice trading, are growing in APAC because of the presence of several SMEs. The number of SMEs has increased significantly in the region. For example, the number of SMEs in China was approximately 18.07 million by the end of 2018. Similarly, according to the data published by the Ministry of Micro, Small, and Medium Enterprises (MSMEs) of India, as of March 2020, there were 63.3 million SMEs present across India. Hence, the growing number of SMEs in APAC is increasing the demand for microfinance services.
• Inadequate risk management is one of the major challenges impeding the microfinance market growth. Risk management is among the most challenging factors impacting the growth of the global microfinance market, with microcredit establishments addressing marginalized communities, mainly in low-profit and growing countries. Unlike the formal banking system, the lending procedure in microfinance no longer requires any protection. Hence, microfinance establishments are constantly on the threshold of vulnerability. 

Microfinance Market 2022-2026: Market Segmentation

This report extensively covers microfinance market segmentation by type (banks and non-banks) and geography (APAC, South America, North America, Europe, and the Middle East and Africa). 

• The market share growth by the bank segment will be significant during the forecast period. Since MSBs offer significant benefits to low-income groups, the demand for microfinancing is expected to rise during the forecast period. Additionally, the need to provide easy credit and offer small loans to customers without any collateral further increases the preference for MFBs among people. Hence, such factors will drive the segment growth during the forecast period.

This report presents a detailed market study, synthesis, and summation of data from multiple sources through an analysis of key parameters - View a Sample Report

Companies Mentioned

• Accion International
• Al Amana Microfinance
• AL BARAKAH MICROFINANCE BANK
• Annapurna Finance P Ltd.
• Banco do Nordeste do Brasil SA
• Bandhan Bank Ltd.
• Cashpor Micro Credit
• FINCA International Inc.
• Fusion Micro Finance Ltd.
• GENTERA S.A.B. de C.V.
• Grameen Foundation
• IndusInd Bank Ltd.
• Kiva Microfunds
• Kotak Mahindra Bank Ltd.
• Manappuram Finance Ltd.
• Opportunity International
• Pacific Community Ventures
• Pro Mujer Inc.
• PT Bank Rakyat Indonesia Persero Tbk
• Stichting BRAC International
• Women World Banking Inc.

Vendor Offerings

• Annapurna Finance P Ltd. - The company offers microfinance services such as Group Loans, MSME Finance, Housing Finance, Samarth Loan, Dairy Development Loan, Solar Loans, Consumer Durable Loans, Home Improvement Loan, and PMSVANidhi Loan.
• Bandhan Bank Ltd. - The company offers microfinance services such as Srishti Loan, which is a group-based individual loan to scale up businesses.
• Cashpor Micro Credit - The company offers microfinance services such as Green Micro Credit Initiative, which is a modified microfinance loan product to promote tree plantation.
• To get insights about vendors and their offerings, buy now!

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Banks - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Banks - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Banks - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Banks - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Banks - Year-over-year growth 2021-2026 (%)

• 5.4 Non-banks - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Non-banks - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Non-banks - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Non-banks - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Non-banks - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 South America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026 
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 Europe - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 Peru - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Peru - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Peru - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Peru - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Peru - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026 
• Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Mexico - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Mexico - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Mexico - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Mexico - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Mexico - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026 
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Annapurna Finance P Ltd. 
• Exhibit 89: Annapurna Finance P Ltd. - Overview
• Exhibit 90: Annapurna Finance P Ltd. - Product / Service
• Exhibit 91: Annapurna Finance P Ltd. - Key offerings

• 10.4 Bandhan Bank Ltd.
• Exhibit 92: Bandhan Bank Ltd. - Overview
• Exhibit 93: Bandhan Bank Ltd. - Product / Service
• Exhibit 94: Bandhan Bank Ltd. - Key offerings

• 10.5 Cashpor Micro Credit
• Exhibit 95: Cashpor Micro Credit - Overview
• Exhibit 96: Cashpor Micro Credit - Product / Service
• Exhibit 97: Cashpor Micro Credit - Key offerings

• 10.6 Grameen Foundation
• Exhibit 98: Grameen Foundation - Overview
• Exhibit 99: Grameen Foundation - Product / Service
• Exhibit 100: Grameen Foundation - Key offerings

• 10.7 IndusInd Bank Ltd.
• Exhibit 101: IndusInd Bank Ltd. - Overview
• Exhibit 102: IndusInd Bank Ltd. - Business segments
• Exhibit 103: IndusInd Bank Ltd. - Key offerings
• Exhibit 104: IndusInd Bank Ltd. - Segment focus

• 10.8 Kiva Microfunds
• Exhibit 105: Kiva Microfunds - Overview
• Exhibit 106: Kiva Microfunds - Product / Service
• Exhibit 107: Kiva Microfunds - Key offerings

• 10.9 Kotak Mahindra Bank Ltd. 
• Exhibit 108: Kotak Mahindra Bank Ltd. - Overview
• Exhibit 109: Kotak Mahindra Bank Ltd. - Business segments
• Exhibit 110: Kotak Mahindra Bank Ltd. - Key offerings
• Exhibit 111: Kotak Mahindra Bank Ltd. - Segment focus

• 10.10 Manappuram Finance Ltd. 
• Exhibit 112: Manappuram Finance Ltd. - Overview
• Exhibit 113: Manappuram Finance Ltd. - Business segments
• Exhibit 114: Manappuram Finance Ltd. - Key offerings
• Exhibit 115: Manappuram Finance Ltd. - Segment focus

• 10.11 PT Bank Rakyat Indonesia Persero Tbk 
• Exhibit 116: PT Bank Rakyat Indonesia Persero Tbk - Overview
• Exhibit 117: PT Bank Rakyat Indonesia Persero Tbk - Business segments
• Exhibit 118: PT Bank Rakyat Indonesia Persero Tbk - Key offerings
• Exhibit 119: PT Bank Rakyat Indonesia Persero Tbk - Segment focus

• 10.12 Stichting BRAC International 
• Exhibit 120: Stichting BRAC International - Overview
• Exhibit 121: Stichting BRAC International - Business segments
• Exhibit 122: Stichting BRAC International - Key offerings
• Exhibit 123: Stichting BRAC International - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 11.5 List of abbreviations 
• Exhibit 130: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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