Global Microfinance Industry Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

 Microfinance is an arrangement to credit the small loan amount to people having little or no income so that they can create their own livelihood. Microfinance industries also include other services such as savings accounts, training, health services, and networking. The microfinance industry mostly works in developing and emerging countries such as Bangladesh, India, Brazil, and Colombia. Generally, repayment rates in the microfinance industry are higher as compared to conventional buyers. It is due to a system of peer support that is used in many microcredit models and borrowers are responsible for each other. Before the pandemic, government initiatives, increasing foreign investment in the emerging economies, growth in small and medium enterprises are some of the major drivers for the microfinance industry. Moreover, rising potential toward household living and maintaining social living in rural areas is also augmenting the market.

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The COVID-19 pandemic has created a temporary as well as long time impact on the microfinance industry. In many emerging economies, lockdown for weeks has been announced by the government to prevent the spread of the COVID-19. Countries such as India, Bangladesh, Colombia, and others are under lockdown for weeks due to which regular operation related to microfinance is halted. Moreover, global investors have withdrawn huge investments from emerging economies due to the downfall in the stock market, which is creating credit and liquidity problems in those economies. Moreover, due to coronavirus, a downfall in global GDP in 2020 is projected, which is also going to affect the microfinance industry in a negative way.

A full Report of Global Microfinance Industry Market is Available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-microfinance-industry

The global microfinance industry report is segmented based into group and individual micro-credit, insurance, leasing, micro-investment funds, savings and checking accounts, and other verticals. Group and Individual Micro Credit and leasing are expected to be affected significantly all across the globe. The effect of COVID-19 on the microfinance industry can be observed in all the regions including North America, Europe, Asia-Pacific, and the Rest of the World. Europe and North America are the most affected regions due to the COVID-19 pandemic. More than 650,000 confirmed cases in North America and more than 950,000 cases in Europe have been registered by the mid of April 2020. As the countries in the region are developed economies, compensation is expected to be provided by the government. However, in emerging economies such as India, Brazil, Bangladesh, and ASEAN countries; the government will not be able to incur most of the loss due to the COIVD-19 pandemic. 

Verticals Affected Most

  • Group and Individual Micro Credit

  • Insurance

  • Leasing

  • Micro investment Funds

  • Savings and Checking Accounts

  • Others

Regional Analysis

  • North America

  • United States

  • Canada

  • Europe

  • UK

  • Germany

  • France

  • Rest of Europe 

  • Asia-Pacific

  • China

  • Japan

  • India

  • Rest of Asia-Pacific 

  • Rest of the World

  • Latin America 

  • Middle East Africa 

Company Profiles

  • Adie

  • Bancamía S.A.

  • Banco do Nordeste do Brasil SA

  • Bandhan Bank Ltd.

  • Bangladesh Rural Advancement Committee (BRAC)

  • PT Bank Rakyat Indonesia Tbk 

  • CreditAccess Grameen Ltd.

  • Grameen Bank

  • Kiva Microfunds

  • Qredits Microfinanciering Nederland

  • microStart SCRL

  • National Bank for Agriculture and Rural Development (NABARD)

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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.

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