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Global Microfinance Market Trajectory and Analysis Report 2022-2026: Artificial Intelligence Poised to Transform the Future of Microfinance – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Microfinance – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

The global microfinance market will reach $304.3 billion by 2026

The global microfinance market, estimated at US$156.7 billion in 2020, is expected to reach a revised size of US$304.3 billion by 2026, registering a compound annual growth rate (CAGR) of 11. 9% over the analysis period.

Microfinance focuses on providing microloans to low-income and unemployed people who do not have access to traditional financial services. Microfinance encompasses a wide range of services including loans, savings, payment and insurance to help the unbanked population achieve growth and become self-sufficient.

Following the implementation of the Sustainable Development Goals (SDGs) in 2016, the microfinance sector has focused its efforts on promoting access not only to credit, but also to agriculture, health, housing , education, energy and education.

Asia-Pacific is the largest regional microfinance market, accounting for an estimated 42.5% share of the global total. The market is expected to reach US$159.6 billion by the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 13.6% over the analysis period.

The global microfinance market is expected to experience a high growth rate in the coming years due to the growing number of microenterprises, government efforts to promote microfinance and falling interest rates. Market growth is positively influenced by the central role played by micro-enterprises in economic development.

Some of the major factors supporting the expansion of the market are the growth of SMEs and low-income groups including women in rural areas, their ability to sustain family and social life as well as government initiatives to promote competitive fair and to improve the national payment system.

While efforts to provide socially marginalized people with quality financial services are driving growth, better risk management, a growing focus on microinsurance, and consumer awareness initiatives are creating new avenues for growth.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of the COVID-19 pandemic and the impending global recession

  • Impact of COVID-19 on the microfinance sector

  • Financial challenges faced by microfinance institutions around the world due to the COVID-19 outbreak

  • Microfinance: potential to break the cycle of poverty

  • How microfinance works

  • Key principles related to microfinance

  • Main advantages and disadvantages of microfinance

  • Microfinance Market: Focus on Unbanked Access and Improved Ownership Drives Growth

  • Active borrowers from microfinance institutions continue to grow

  • Composition of borrowers in MFIs

  • Global brands

  • Recent market activity

2. FOCUS ON SELECT PLAYERS (Total 103 Featured)

  • 51Give

  • Al Amana Microfinance

  • Al-Barakah Microfinance Bank

  • Annapurna Finance (P) Ltd

  • Asirvad Microfinance Pvt. ltd.

  • Banco do Nordeste do Brasil SA

  • Bank Rakyat Indonesia

  • BRAC

  • BSS Microfinance Ltd.

  • Grameen Foundation

  • Kiva

3. MARKET TRENDS AND DRIVERS

  • As important growth mechanisms for economic progress, microenterprises emerge as a key engine of growth for MFIs

  • The large unbanked population and the focus on their financial inclusion to drive the microfinance industry

  • Top Factors Cited as Barriers to Account Ownership

  • The changing business landscape is pushing micro-enterprises to rethink their strategies

  • Microfinance presents a powerful tool for small businesses and entrepreneurs to access capital

  • Growing role of the microfinance industry in impact investing and achieving the SDGs

  • Growing Importance of Digitization for Traditional MFIs

  • Growing adoption of new technologies to drive market growth

  • Mobile payments are transforming the landscape of the microfinance industry

  • Mobile technology will play a vital role in expanding the reach of microfinance

  • Going digital is an inevitable step for microfinance institutions

  • Microfinance Industry Leverages Big Data Analytics to Enable Financial Inclusion

  • Digitization raises data security concerns

  • Digital technologies are shaping the rural microfinance market

  • Improving equity and accessibility of digital microfinance for rural families

  • Artificial intelligence poised to transform the future of microfinance

  • Growing Importance of Blockchain-Based Microfinance

  • Huge SME Funding Gap Increases Need for Blockchain-Based Microfinance Solutions

  • Islamic microfinance emerges as a vital tool for poverty reduction in Islamic countries

  • Large commercial banks are venturing into the microfinance market, presenting opportunities and challenges for existing players

  • Microinsurance products: providing insurance coverage to low-income clients

  • Coping with the risks of climate change with microfinance

  • Rising carbon dioxide emissions are an indication of climate change

  • Microfinance and macrofinance are of critical importance in the financial field

  • The emergence of for-profit microfinance institutions draws criticism

  • Microfinance institutions are adopting a hybrid model

  • Microfinance providers will collaborate with Fintechs

  • Main problems faced by the microfinance industry

  • Notable Microfinance Networks: A Review

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information about this report, visit https://www.researchandmarkets.com/r/49zju0.