Microfinance Market Trends and Forecast 2016-2020: Albaraka, Access Bank, ICICI Bank, ASA International, Banco Do Nordeste, Bandhan Financial Services

The global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020.


Albany, NY -- (SBWIRE) -- 04/13/2018 -- Microfinancing is a type of banking service that is provided to low-income individuals or the unemployed or groups of people that do not have any means to obtain any financial services. The goal of microfinance companies is to provide an opportunity for low-income borrowers to become self-sufficient through saving and borrowing money and providing microinsurance. Microfinance institutions charge interests on loans for their lenders like conventional banking operations. However, these interest rates are lower than those offered by normal banks. Microenterprises are considered as the engine of economic growth for a nation to promote equitable growth and development.

Covered in this report

The report covers the present scenario and the growth prospects of the global microfinance market for 2016-2020. To calculate the market size, the report considers the the total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

The market is divided into the following segments based on geography:

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Technavio's report, Global Microfinance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ASA International
Banco do Nordeste
Bandhan Financial Services
Fundacin de la Mujer
Other prominent vendors
Access Bank
Amhara Credit and Savings Institution
Al Amana Microfinance
Compartamos Banco
Fundacin WWB Colombia
Standard Chartered
Wells Fargo

Market driver
Better risk management practices
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Market challenge
Difficulty in credit assessment of microenterprises
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Market trend
New credit scoring approach and collaboration in global marketplace
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?