Global Microfinance Market Size, Competitive Analysis, Share, Forecast- 2020-202

1. Orion Market Research

2. Global Microfinance Market Size, Competitive Analysis, Share, Forecast- 2020-2026 Request a Free Sample @ https://www.omrglobal.com/request-sample/microfinance- market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404 The global microfinance market is growing at a significant CAGR of around 14.8% during the forecast period (2020-2026). Microfinance industry serves the low-income and more overlooked sections of the society. In the recent years, the microfinance industry has reached out a number of small borrowers with significant assistance from the government. Therefore, a modest growth in the global microfinance industry is seen in the last decade. The growth is supported by the continuous establishment of microfinance institutions across the globe. The World Bank estimated that over 7,000 microfinance institutions are operating across the globe, serving nearly 16 million low-income people in emerging economies, such as India and Bangladesh. Get Free Sample Copy @https://www.omrglobal.com/request-sample/microfinance-market Along with the growth of the microfinance institutions, the government support for women empowerment in rural areas is further offering growth to the microfinance industry. According to the Convergences World Forum, nearly 80% of the borrowers of microfinance were females in 2018. For instance, Grameen Bank in Bangladesh, women account for over 94% of all the loan borrowers, as per the Global Development Research Center (GDRC). Such factors offer a significant market capitalization for the microfinance industry during the forecast period. However, the outbreak of COVID-19 pandemic has significantly affected the microfinance

3. industry. it can be seen that the revenue of the industry is threatened as the customers are affected by the global macroeconomic collapse, social distancing, and other COVID-19 norms to control the pandemic. Therefore, many microfinance institutions have suspended repayments, owing to which, there is no income coming-in to the industry. Browse for Full Report Description@ https://www.omrglobal.com/industry- reports/microfinance-market The microfinance market is classified on the basis of the services offered by the industry, which includes group and individual micro credit, insurance, leasing, and others. Among these services, the group and individual micro credit contributes major share in the microfinance market. The major factors that can be accredited for the dominance of the group and individual micro credits industry include the business loans to small and medium enterprises. In addition, it includes salary loans to the employee having low income, and individual cashflow solutions for the micro-entrepreneurs. Moreover, the group and individual micro credit industry is estimated to project a considerable CAGR during the forecast period. This growth is backed by the rising initiatives by the government in driving the micro, small, and medium enterprises (MSME) in emerging economies, such as India. Market Segmentation Global Microfinance Market by Service Type Group and Individual Micro Credit Insurance Leasing Others (Micro Investment Funds) Regional Analysis North America United States

4. Canada Europe UK Germany Italy Spain France Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific Rest of the World Company Profiles Accion International Adie Asirvad Micro Finance Ltd. (Manappuram Finance Ltd.) Bajaj Finance Ltd. Bancamía S.A. Banco do Nordeste do Brasil SA Bandhan Bank Ltd. Bangladesh Rural Advancement Committee (BRAC) BSS Microfinance Ltd. CreditAccess Grameen Ltd. Equitas Small Finance Bank Ltd.

5. Fusion Microfinance Grameen Bank ICICI Bank Jamii Bora Bank Kiva Microfunds microStart SCRL National Bank for Agriculture and Rural Development (NABARD) PT Bank Rakyat Indonesia Tbk Qredits Microfinanciering Nederland Ujjivan Financial Services Ltd. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/microfinance-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404