Micro lending Market by Service Provider (Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions) and Others), and End User (Solo Entrepreneurs & Individual, Micro Enterprises and Small Enterprises): Global Opportunity Analysis and Industry Forecast, 2020-2027 , a latest intelligence report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Further, the document provides comprehensive analysis of the key industry trends as well as the opportunities that will ensure an upward growth trajectory in the coming years. It also focuses on developing strategies for challenges faced by the industry. Moreover, an exhaustive discussion of the latest updates including the impact of COVID-19 pandemic is furnished in the study. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Micro Lending Market by Service Provider and End-User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global micro lending market size was valued at $134.35 billion in 2019, and is projected to reach $343.84 billion by 2027, growing at a CAGR of 12.6% from 2020 to 2027.
Micro lending is a type of financial service provided to people, who are looking to lend money to earn potentially high returns may fund borrowers who have no access to financial services such as banks or credit unions. The lending can be done to single microloans, and to diversify risk exposure, others invest across a portfolio of microloans. The services in the micro lending market are designed to become more affordable to poor and socially marginalized customers, households to have a wide variety of high-quality financial products and services, and to help them become self-sufficient. Moreover, growing adoption of micro lending in developing nations for improving lifestyle and lesser operating & low market risk of micro lending significantly boosts the growth of the global micro lending market. In addition, rise in potential of entrepreneurs, to bring in more businesses and to start from zero level with less capital support positively impacts the growth of the market. However, small loan amount provided by micro lenders and shorter repayment time provided by lenders are expected to hamper the market growth. On the contrary, adoption of advance technology in micro financing is expected to provide lucrative opportunity for the market.
The bank segment is expected to garner a significant share during the forecast period. This is attributed to rise in adoption of micro lending and micro financing scheme from various banks and fintech for small and medium enterprises. However, the micro finance institute (MFI) segment is expected to grow at the highest rate during the forecast period, owing to growing micro finance institute across the globe and rise in need of micro loans among the general public.
Region wise, the micro lending market was dominated by Asia-Pacific in 2019, and is expected to witness significant growth rate during the forecast period. This is attributed to surge in surge in government initiative to reduce poverty and to upsurge the living standard of the people.
The outbreak of the COVID-19 pandemic has a significant impact on the micro lending market owing to affected cash flow among the financial sector and rising liquidity issues among the micro lenders. In addition, surge in unemployment in various emerging countries and closing of different small and medium enterprises negatively impacts the growth of the market during the first half of 2020. Moreover, banks and financial institutions across the globe are majorly focusing on digitizing their financial assets as well as lending schemes, which is expected to capture large customer base in the upcoming years.
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.
The key players profiled in the micro lending market analysis are Accion International, BlueVine, Inc., Fundera, Inc., Funding Circle, Kabbage, Inc., Kiva, Lendio, LENDR, OnDeck, and StreetShares, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in various segments and emerging territory.
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An overview of the regional landscape:
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Key Questions Answered in The Report:
• What will the Market growth rate?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the market opportunities and overview of the Market?
• What are sales, revenue, and price analysis of top manufacturers of Market?
• What are the Market opportunities and threats faced by the vendors in the global Market?
• What are sales, revenue, and price analysis by types and applications of Market?
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Key Points Covered in Micro lending Market Report:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Micro lending market
Chapter 2: Exclusive Summary – the basic information of the Micro lending Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Micro lending
Chapter 4: Presenting the Micro lending Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the Micro lending market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Micro lending Market is a valuable source of guidance for individuals and companies in decision framework.
……..and view more in complete table of Contents
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Data Sources & Methodology:
The primary sources involves the industry experts including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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