Report on Global Microfinance lending Industry 2021-Global forecasts to 2030

Global microfinance lending industry has witnessed strong growth in recent years. The number of microfinance institutions (MFIs) has increased, and the industry is expected to grow further in the coming years. Between the years 2016 to 2020, the microfinance industry has grown at an impressive CAGR of ~9.5%. This increase is attributable to several factors, including the increasing demand for small loans, the expansion of microfinance into new markets, and the increasing availability of capital.

Microfinance lending has traditionally served the working poor and other underserved populations who do not have access to formal financial institutions. However, in recent years, there has been a shift towards serving more middle-income borrowers. This trend is expected to continue in the coming years, as MFIs expand their reach into new markets and segments. The industry is also expected to benefit from the increasing use of technology, which will help MFIs reach more borrowers and provide them with more services.

The global microfinance lending market size in the year 2021 was valued at US$179.64bn and it is expected that the industry will grow at CAGR 10.6% from 2022-2030. Through this report, SoftwareVerdict studies and analyses key variables in the microfinance lending industry, evolution of the industry, understand critical business opportunities and business challenges, technology trends in the industry, the FinTech revolution, and deep insights into regulatory policies on microfinance lending industry globally.

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Key report metrics

Metrics	Details
Years in review	2016-2030
Base year	2021
Forecast period	2022-2030
Regions covered	APAC, Europe, Africa, Middle East, RoW

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This report is a must-read for:

• Researchers in Microfinance lending domain
• Businesses competing and/or looking to enter the microfinance lending industry
• Government bodies
• Academicians

 

Prepared by SoftwareVerdict