The microfinance market is expected to reach $ 496.90 billion by

Portland, OR, December 09, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the microfinance market was estimated at $ 178.84 billion in 2020 and is expected to reach $ 496.90 billion by 2030, registering a CAGR of 10.8% from 2021 to 2030. The report provides an in-depth analysis of the major pockets of investment, top winning strategies, drivers and opportunities, market size and estimates, competitive scenario and faltering market trends.

Download a free sample report (get a detailed analysis in PDF format – 252 pages): https://www.alliedmarketresearch.com/request-sample/6369

The increased adoption of microfinance in developing countries, the shift from traditional lending to microfinance, and lower operating costs and low market risks are driving the growth of the global microfinance market. On the other hand, high interest on small amounts and shorter repayment terms hamper growth to some extent. However, the adoption of advanced micro-finance technologies is expected to create lucrative opportunities in the sector.

COVID-19 scenario

• Microfinance sector incomes are more likely to remain under pressure even after lockdown, as standards of social distancing are likely to continue, discouraging the use of public transportation systems.
• However, on the other hand, the decrease in physical banking operations among the verticals is expected to boost the growth of the microfinance market to some extent, thus giving a mixed impact on the market.

Interested in acquiring the data? Inquire here @: https://www.alliedmarketresearch.com/purchase-enquiry/6369

The global microfinance market is analyzed by vendor, end user, and region. Based on the supplier, the banking segment accounted for the main share in 2020, holding almost half of the global market. The Micro Finance Institute (MFI) segment, however, would post the fastest CAGR of 11.9% throughout the forecast period.

On the basis of the end user, the small business segment generated the highest share in 2020, representing nearly three quarters of the world market. The sole proprietorship or self-employed segment, on the other hand, would cite the fastest CAGR of 11.9% from 2021 to 2030.

Based on region, the Asia-Pacific region market held the lion’s share in 2020, accounting for about half of the global market. The same region is also expected to cite the fastest CAGR of 11.2% by the end of 2030. Other provinces studied in the report include North America, Europe and LAMEA.

Get a detailed analysis of the impact of COVID-19 on the Microfinance market: https://www.alliedmarketresearch.com/request-for-customization/6369?reqfor=covid

Major market players analyzed in the Global Microfinance Market report include Bank Rakyat Indonesia (BRI), Bandhan Bank, CDC Small Business Finance, Cashpor Micro Credit, Grameen America, Pacific Community Ventures Inc., Grameen Bank, Annapurna Finance (P) Ltd, Kiva and Madura Microfinance Ltd. These market players have integrated several strategies including partnership, expansion, collaboration, joint ventures and others to consolidate their position in the industry.

Access AVENUE – One library per subscription (Premium On-Demand, subscription pricing model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market reports database, provides comprehensive reports regarding the world’s largest emerging markets. It further provides electronic access to all available industry reports a snap. By providing essential business information across various industries, economies and end-users around the world, Avenue ensures that registered members have a simple, one-stop gateway to their all-inclusive needs.

Avenue Library Subscription | Request 14-day free trial before purchasing:

https://www.alliedmarketresearch.com/avenue/trial/starter

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.