The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased demand for micro-lending among end-users, such as micro-enterprises and small businesses, is likely to promote innovation in microlending manufacturing, propelling the market over the forecast period.

The global microlending market is expected to grow from $168.89 billion in 2022 to $191.86 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The global microlending market size is expected to reach $304.87 billion in 2027 at a CAGR of 12.3%.

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 Global Microlending Market Segments Include:

• By Provider: Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions), Other Provider
• By End-User: Small Enterprises, Micro Enterprises, Solo entrepreneurs, And self-employed
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global microlending market in 2021.

Major Market Players in the microlending market include Accion International, Bajaj Finserv Ltd., Bandhan Bank Ltd., BlueVine Inc., Equitas Small Finance Bank Ltd., ESAF Small Finance Bank, Fincare Small Finance Bank Ltd., Fusion Micro Finance Ltd.

Microfinance innovation is a crucial trend that is gaining traction in the microlending business. To maintain their market position, major microlending companies are launching unique products. For example, in November 2020, Bank Islam, a Malaysia-based Islamic banking company, introduced BangKIT Microfinance, an innovative product funded by a sadaqah instrument, using the first Islamic crowdfunding official portal in Malaysia. This is intended to assist unbanked and underbanked micro-entrepreneurs in obtaining finance to start or develop their firms, as well as to establish a credit record that will qualify them for future funding by allowing for business expansion.

The Microlending Global Market Report 2023  provides a microlending market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The microlending market forecast analyzes microlending market size, microlending market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Microlending is a type of microfinance that helps businesses grow by lending tiny amounts of money. The fundamental advantage of microlending is that it allows borrowers who do not have enough assets to function as a guarantee or simply do not want to risk their assets to obtain a loan.

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