Global Microfinance Market 2024-2028

Global Microfinance Market 2024-2028


The microfinance market is forecasted to grow by USD 166.95 bn during 2023-2028, accelerating at a CAGR of 12.86% during the forecast period. The report on the microfinance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of social media associated with growing digital connectivity, quick and easy access to credit, and increased focus on cost optimization and scaling computation.

Technavio's microfinance market is segmented as below:

By Type
  • Banks
  • Non-banks
By End-user
  • Small enterprises
  • Solo entrepreneurs
  • Micro entrepreneurs
By Geographical Landscape
  • APAC
  • South America
  • North America
  • Europe
  • Middle East and Africa
This study identifies the rapid growth in APAC as one of the prime reasons driving the microfinance market growth during the next few years. Also, adoption of AI and machine learning in microfinance and use of crowdfunding platforms for free promotion will lead to sizable demand in the market.

The report on the microfinance market covers the following areas:
  • Microfinance market sizing
  • Microfinance market forecast
  • Microfinance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microfinance market vendors that include Access Microfinance Holding AG, Accion International, Al Amana Microfinance, AL BARAKAH MICROFINANCE BANK, Annapurna Finance P Ltd., Asirvad Microfinance Ltd, Bandhan Bank Ltd., CDC Small Business Finance, DEVAID Ltd., FINCA International Inc., GENTERA S.A.B. de C.V., Grameen Foundation, IndusInd Bank Ltd., Kiva Microfunds, Kotak Mahindra Bank Ltd., Opportunity International, Pacific Community Ventures, PT Bank Rakyat Indonesia Persero Tbk, Stichting BRAC International, and IGP Advantag AG. Also, the microfinance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global microfinance market 2018 - 2022
      • Table Historic Market Size – Data table on global microfinance market 2018 - 2022 ($ billion)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Banks - Market size and forecast 2023-2028
      • Table Chart on Banks - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Banks - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Banks - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Banks - Year-over-year growth 2023-2028 (%)
    • Non-banks - Market size and forecast 2023-2028
      • Table Chart on Non-banks - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Non-banks - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Non-banks - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Non-banks - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
      • Table Data Table on Market opportunity by Type ($ billion)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Small enterprises - Market size and forecast 2023-2028
      • Table Chart on Small enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Small enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Small enterprises - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Small enterprises - Year-over-year growth 2023-2028 (%)
    • Solo entrepreneurs - Market size and forecast 2023-2028
      • Table Chart on Solo entrepreneurs - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Solo entrepreneurs - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Solo entrepreneurs - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Solo entrepreneurs - Year-over-year growth 2023-2028 (%)
    • Micro entrepreneurs - Market size and forecast 2023- 2028
      • Table Chart on Micro entrepreneurs - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Micro entrepreneurs - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Micro entrepreneurs - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Micro entrepreneurs - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Peru - Market size and forecast 2023-2028
      • Table Chart on Peru - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Peru - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Peru - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Peru - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Mexico - Market size and forecast 2023-2028
      • Table Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Mexico - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Mexico - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Emergence of social media associated with growing digital connectivity
      • Quick and easy access to credit
      • Increased focus on cost optimization and scaling computation
    • Market challenges
      • Inadequate risk management
      • Lack of awareness of financial services
      • Lack of technology awareness
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Rapid growth in APAC
      • Adoption of AI and machine learning in microfinance
      • Use of crowdfunding platforms for free promotion
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Access Microfinance Holding AG
      • Table Access Microfinance Holding AG - Overview
      • Table Access Microfinance Holding AG - Product / Service
      • Table Access Microfinance Holding AG - Key offerings
    • Accion International
      • Table Accion International - Overview
      • Table Accion International - Product / Service
      • Table Accion International - Key offerings
    • Al Amana Microfinance
      • Table Al Amana Microfinance - Overview
      • Table Al Amana Microfinance - Product / Service
      • Table Al Amana Microfinance - Key offerings
    • AL BARAKAH MICROFINANCE BANK
      • Table AL BARAKAH MICROFINANCE BANK - Overview
      • Table AL BARAKAH MICROFINANCE BANK - Product / Service
      • Table AL BARAKAH MICROFINANCE BANK - Key offerings
    • Annapurna Finance P Ltd.
      • Table Annapurna Finance P Ltd. - Overview
      • Table Annapurna Finance P Ltd. - Product / Service
      • Table Annapurna Finance P Ltd. - Key offerings
    • Asirvad Microfinance Ltd
      • Table Asirvad Microfinance Ltd - Overview
      • Table Asirvad Microfinance Ltd - Product / Service
      • Table Asirvad Microfinance Ltd - Key offerings
    • Bandhan Bank Ltd.
      • Table Bandhan Bank Ltd. - Overview
      • Table Bandhan Bank Ltd. - Product / Service
      • Table Bandhan Bank Ltd. - Key offerings
    • DEVAID Ltd.
      • Table DEVAID Ltd. - Overview
      • Table DEVAID Ltd. - Product / Service
      • Table DEVAID Ltd. - Key offerings
    • Grameen Foundation
      • Table Grameen Foundation - Overview
      • Table Grameen Foundation - Product / Service
      • Table Grameen Foundation - Key offerings
    • IGP Advantag AG
      • Table IGP Advantag AG - Overview
      • Table IGP Advantag AG - Product / Service
      • Table IGP Advantag AG - Key offerings
    • IndusInd Bank Ltd.
      • Table IndusInd Bank Ltd. - Overview
      • Table IndusInd Bank Ltd. - Business segments
      • Table IndusInd Bank Ltd. - Key offerings
      • Table IndusInd Bank Ltd. - Segment focus
    • Kiva Microfunds
      • Table Kiva Microfunds - Overview
      • Table Kiva Microfunds - Product / Service
      • Table Kiva Microfunds - Key offerings
    • Kotak Mahindra Bank Ltd.
      • Table Kotak Mahindra Bank Ltd. - Overview
      • Table Kotak Mahindra Bank Ltd. - Business segments
      • Table Kotak Mahindra Bank Ltd. - Key offerings
      • Table Kotak Mahindra Bank Ltd. - Segment focus
    • PT Bank Rakyat Indonesia Persero Tbk
      • Table PT Bank Rakyat Indonesia Persero Tbk - Overview
      • Table PT Bank Rakyat Indonesia Persero Tbk - Business segments
      • Table PT Bank Rakyat Indonesia Persero Tbk - Key offerings
      • Table PT Bank Rakyat Indonesia Persero Tbk - Segment focus
    • Stichting BRAC International
      • Table Stichting BRAC International - Overview
      • Table Stichting BRAC International - Business segments
      • Table Stichting BRAC International - Key offerings
      • Table Stichting BRAC International - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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