Microcredit is a banking service that is provided to low-income individuals or to the unemployed or to people without access to any financial services.Microfinance companies aim to provide low-income borrowers with the opportunity to become self-sufficient by saving and borrowing, and by providing microfinance insurance.Microfinance institutions, like traditional banking, charge their lenders interest on loans.However, these rates are lower than those offered by ordinary Banks.
Highlights
The global Microfinance market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Microfinance is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Microfinance is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Microfinance in Personal is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Microfinance include WeBank, ResponsAbility Investments AG, Asmitha Microfin, Utkarsh Micro Finance, Share Microfin, Ujjivan, Spandana Sphoorty Financial, Bhartiya Samruddhi Finance Limited（BSFL） and GFSPL, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Microfinance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microfinance.
The Microfinance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Microfinance market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Microfinance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
WeBank
ResponsAbility Investments AG
Asmitha Microfin
Utkarsh Micro Finance
Share Microfin
Ujjivan
Spandana Sphoorty Financial
Bhartiya Samruddhi Finance Limited（BSFL）
GFSPL
Suning
Grameen America
LiftFund
Opportunity Fund
Accion
Justine Petersen
Malayan Banking Berhad
GC Business Finance
Adie
DMI
Microfinance Ireland
Segment by Type
Below $3000
$3000-$10000
$10000-25000$
Above 25000$
Segment by Application
Personal
SME
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Microfinance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Microfinance Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Below $3000
1.2.3 $3000-$10000
1.2.4 $10000-25000$
1.2.5 Above 25000$
1.3 Market by Application
1.3.1 Global Microfinance Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Personal
1.3.3 SME
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Microfinance Market Perspective (2018-2029)
2.2 Microfinance Growth Trends by Region
2.2.1 Global Microfinance Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Microfinance Historic Market Size by Region (2018-2023)
2.2.3 Microfinance Forecasted Market Size by Region (2024-2029)
2.3 Microfinance Market Dynamics
2.3.1 Microfinance Industry Trends
2.3.2 Microfinance Market Drivers
2.3.3 Microfinance Market Challenges
2.3.4 Microfinance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Microfinance Players by Revenue
3.1.1 Global Top Microfinance Players by Revenue (2018-2023)
3.1.2 Global Microfinance Revenue Market Share by Players (2018-2023)
3.2 Global Microfinance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Microfinance Revenue
3.4 Global Microfinance Market Concentration Ratio
3.4.1 Global Microfinance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Microfinance Revenue in 2022
3.5 Microfinance Key Players Head office and Area Served
3.6 Key Players Microfinance Product Solution and Service
3.7 Date of Enter into Microfinance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Microfinance Breakdown Data by Type
4.1 Global Microfinance Historic Market Size by Type (2018-2023)
4.2 Global Microfinance Forecasted Market Size by Type (2024-2029)
5 Microfinance Breakdown Data by Application
5.1 Global Microfinance Historic Market Size by Application (2018-2023)
5.2 Global Microfinance Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Microfinance Market Size (2018-2029)
6.2 North America Microfinance Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Microfinance Market Size by Country (2018-2023)
6.4 North America Microfinance Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Microfinance Market Size (2018-2029)
7.2 Europe Microfinance Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Microfinance Market Size by Country (2018-2023)
7.4 Europe Microfinance Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Microfinance Market Size (2018-2029)
8.2 Asia-Pacific Microfinance Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Microfinance Market Size by Region (2018-2023)
8.4 Asia-Pacific Microfinance Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Microfinance Market Size (2018-2029)
9.2 Latin America Microfinance Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Microfinance Market Size by Country (2018-2023)
9.4 Latin America Microfinance Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Microfinance Market Size (2018-2029)
10.2 Middle East & Africa Microfinance Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Microfinance Market Size by Country (2018-2023)
10.4 Middle East & Africa Microfinance Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 WeBank
11.1.1 WeBank Company Detail
11.1.2 WeBank Business Overview
11.1.3 WeBank Microfinance Introduction
11.1.4 WeBank Revenue in Microfinance Business (2018-2023)
11.1.5 WeBank Recent Development
11.2 ResponsAbility Investments AG
11.2.1 ResponsAbility Investments AG Company Detail
11.2.2 ResponsAbility Investments AG Business Overview
11.2.3 ResponsAbility Investments AG Microfinance Introduction
11.2.4 ResponsAbility Investments AG Revenue in Microfinance Business (2018-2023)
11.2.5 ResponsAbility Investments AG Recent Development
11.3 Asmitha Microfin
11.3.1 Asmitha Microfin Company Detail
11.3.2 Asmitha Microfin Business Overview
11.3.3 Asmitha Microfin Microfinance Introduction
11.3.4 Asmitha Microfin Revenue in Microfinance Business (2018-2023)
11.3.5 Asmitha Microfin Recent Development
11.4 Utkarsh Micro Finance
11.4.1 Utkarsh Micro Finance Company Detail
11.4.2 Utkarsh Micro Finance Business Overview
11.4.3 Utkarsh Micro Finance Microfinance Introduction
11.4.4 Utkarsh Micro Finance Revenue in Microfinance Business (2018-2023)
11.4.5 Utkarsh Micro Finance Recent Development
11.5 Share Microfin
11.5.1 Share Microfin Company Detail
11.5.2 Share Microfin Business Overview
11.5.3 Share Microfin Microfinance Introduction
11.5.4 Share Microfin Revenue in Microfinance Business (2018-2023)
11.5.5 Share Microfin Recent Development
11.6 Ujjivan
11.6.1 Ujjivan Company Detail
11.6.2 Ujjivan Business Overview
11.6.3 Ujjivan Microfinance Introduction
11.6.4 Ujjivan Revenue in Microfinance Business (2018-2023)
11.6.5 Ujjivan Recent Development
11.7 Spandana Sphoorty Financial
11.7.1 Spandana Sphoorty Financial Company Detail
11.7.2 Spandana Sphoorty Financial Business Overview
11.7.3 Spandana Sphoorty Financial Microfinance Introduction
11.7.4 Spandana Sphoorty Financial Revenue in Microfinance Business (2018-2023)
11.7.5 Spandana Sphoorty Financial Recent Development
11.8 Bhartiya Samruddhi Finance Limited（BSFL）
11.8.1 Bhartiya Samruddhi Finance Limited（BSFL） Company Detail
11.8.2 Bhartiya Samruddhi Finance Limited（BSFL） Business Overview
11.8.3 Bhartiya Samruddhi Finance Limited（BSFL） Microfinance Introduction
11.8.4 Bhartiya Samruddhi Finance Limited（BSFL） Revenue in Microfinance Business (2018-2023)
11.8.5 Bhartiya Samruddhi Finance Limited（BSFL） Recent Development
11.9 GFSPL
11.9.1 GFSPL Company Detail
11.9.2 GFSPL Business Overview
11.9.3 GFSPL Microfinance Introduction
11.9.4 GFSPL Revenue in Microfinance Business (2018-2023)
11.9.5 GFSPL Recent Development
11.10 Suning
11.10.1 Suning Company Detail
11.10.2 Suning Business Overview
11.10.3 Suning Microfinance Introduction
11.10.4 Suning Revenue in Microfinance Business (2018-2023)
11.10.5 Suning Recent Development
11.11 Grameen America
11.11.1 Grameen America Company Detail
11.11.2 Grameen America Business Overview
11.11.3 Grameen America Microfinance Introduction
11.11.4 Grameen America Revenue in Microfinance Business (2018-2023)
11.11.5 Grameen America Recent Development
11.12 LiftFund
11.12.1 LiftFund Company Detail
11.12.2 LiftFund Business Overview
11.12.3 LiftFund Microfinance Introduction
11.12.4 LiftFund Revenue in Microfinance Business (2018-2023)
11.12.5 LiftFund Recent Development
11.13 Opportunity Fund
11.13.1 Opportunity Fund Company Detail
11.13.2 Opportunity Fund Business Overview
11.13.3 Opportunity Fund Microfinance Introduction
11.13.4 Opportunity Fund Revenue in Microfinance Business (2018-2023)
11.13.5 Opportunity Fund Recent Development
11.14 Accion
11.14.1 Accion Company Detail
11.14.2 Accion Business Overview
11.14.3 Accion Microfinance Introduction
11.14.4 Accion Revenue in Microfinance Business (2018-2023)
11.14.5 Accion Recent Development
11.15 Justine Petersen
11.15.1 Justine Petersen Company Detail
11.15.2 Justine Petersen Business Overview
11.15.3 Justine Petersen Microfinance Introduction
11.15.4 Justine Petersen Revenue in Microfinance Business (2018-2023)
11.15.5 Justine Petersen Recent Development
11.16 Malayan Banking Berhad
11.16.1 Malayan Banking Berhad Company Detail
11.16.2 Malayan Banking Berhad Business Overview
11.16.3 Malayan Banking Berhad Microfinance Introduction
11.16.4 Malayan Banking Berhad Revenue in Microfinance Business (2018-2023)
11.16.5 Malayan Banking Berhad Recent Development
11.17 GC Business Finance
11.17.1 GC Business Finance Company Detail
11.17.2 GC Business Finance Business Overview
11.17.3 GC Business Finance Microfinance Introduction
11.17.4 GC Business Finance Revenue in Microfinance Business (2018-2023)
11.17.5 GC Business Finance Recent Development
11.18 Adie
11.18.1 Adie Company Detail
11.18.2 Adie Business Overview
11.18.3 Adie Microfinance Introduction
11.18.4 Adie Revenue in Microfinance Business (2018-2023)
11.18.5 Adie Recent Development
11.19 DMI
11.19.1 DMI Company Detail
11.19.2 DMI Business Overview
11.19.3 DMI Microfinance Introduction
11.19.4 DMI Revenue in Microfinance Business (2018-2023)
11.19.5 DMI Recent Development
11.20 Microfinance Ireland
11.20.1 Microfinance Ireland Company Detail
11.20.2 Microfinance Ireland Business Overview
11.20.3 Microfinance Ireland Microfinance Introduction
11.20.4 Microfinance Ireland Revenue in Microfinance Business (2018-2023)
11.20.5 Microfinance Ireland Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
WeBank
ResponsAbility Investments AG
Asmitha Microfin
Utkarsh Micro Finance
Share Microfin
Ujjivan
Spandana Sphoorty Financial
Bhartiya Samruddhi Finance Limited（BSFL）
GFSPL
Suning
Grameen America
LiftFund
Opportunity Fund
Accion
Justine Petersen
Malayan Banking Berhad
GC Business Finance
Adie
DMI
Microfinance Ireland
Ìý
Ìý
*If Applicable.
