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Global Micro Lending Market: By Provider: Banks, Micro Finance Institute, NBFC (Non-Banking Financial Institutions), Others; By End User: Small Enterprises, Micro Enterprises, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Micro Lending Market Outlook
The global micro lending market attained a value of about USD 152 billion in 2020. The market is further expected to grow at a CAGR of 13% during the forecast period of 2023-2028 to reach USD 316 billion by 2026.
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Growing Penetration of Micro Lending Firms in the Asia Pacific Region to Drive the Market Growth
The Asia Pacific has presented lucrative growth opportunities for the micro lending industry due to the surge in the number of startups within the region. Micro lending in the developing countries of the Asia Pacific has provided significant opportunities to small enterprises and self-employed entrepreneurs to expand business. Micro lending operates on low risk, which is robustly driving its adoption within the emerging countries of the Asia Pacific region. Furthermore, as micro, small, and medium-sized enterprises play a vital role in the economic development, their robust development has further driven the growth of micro lending institutions that cater to these organisations. Government measures to aid in economic development with plans such as Make in India are further providing healthy growth opportunities for micro lending firms within the region. Such factors are expected to continue to support the market growth of micro lending in the Asia Pacific in the coming years.
Micro Lending: Market Segmentation
Micro lending refers to a form of financing that provides small amounts of money to self-employed entrepreneurs in small businesses or startups to help them manage their business with ease.
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Based on provider, the market can be segmented into:
- Banks
- Micro Finance Institute
- NBFC (Non-Banking Financial Institutions)
- Others
On the basis of end user, the market can be divided into:
- Small Enterprises
- Micro Enterprises
- Solo Entrepreneurs and Self Employed
The EMR report looks into the regional markets of micro lending like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
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Ease in Operations with Increased Digitisation to Augment the Market Growth of Micro Lending
Technological advancements in the banking sector like digitisation are bolstering the market growth, owing to the consequent enhancement in the security and functioning of the institutions. Increased connectivity and technological innovations that offer a multitude of developmental benefits have further boosted the market growth. In addition, the rising availability of mobile phones to access financial services through mobile credit and e-wallets are also invigorating the market growth of micro lending, especially in areas with low penetration of banks. Through digital technology, loans can be easily repaid, avoiding cash-related risks, which is leading to an increase in digitisation across the market and is projected to drive the market growth in the coming years. The cost reduction and increased efficiency as a result of heightened digitisation are also projected to accelerate the market growth over the forecast period.
Key Industry Players in the Global Micro Lending Market
The report presents a detailed analysis of the following key players in the global micro lending market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- BlueVine Inc.
- Kabbage, Inc
- StreetShares, Inc.
- On Deck Capita Inc.
- Lendino, Inc
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Provider, End User, Region |
| Breakup by Provider | Banks, Micro Finance Institute, NBFC (Non-Banking Financial Institutions), Others |
| Breakup by End User | Small Enterprises, Micro Enterprises, Solo Entrepreneurs and Self Employed |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BlueVine Inc., Kabbage, Inc., StreetShares, Inc., On Deck Capital, Inc., Lendio, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Micro Lending Market Analysis
8.1 Key Industry Highlights
8.2 Global Micro Lending Historical Market (2018-2022)
8.3 Global Micro Lending Market Forecast (2023-2028)
8.4 Global Micro Lending Market by Provider
8.4.1 Banks
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Micro Finance Institute
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 NBFC (Non-Banking Financial Institutions)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Micro Lending Market by End User
8.5.1 Small Enterprises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Micro Enterprises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Solo Entrepreneurs and Self Employed
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Micro Lending Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Micro Lending Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Micro Lending Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Micro Lending Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Micro Lending Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Micro Lending Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BlueVine Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kabbage, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 StreetShares, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 On Deck Capital, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lendio, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Micro Lending Market: Key Industry Highlights, 2018 and 2028
2. Global Micro Lending Historical Market: Breakup by Provider (USD Million), 2018-2022
3. Global Micro Lending Market Forecast: Breakup by Provider (USD Million), 2023-2028
4. Global Micro Lending Historical Market: Breakup by End User (USD Million), 2018-2022
5. Global Micro Lending Market Forecast: Breakup by End User (USD Million), 2023-2028
6. Global Micro Lending Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Micro Lending Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Micro Lending Market Structure
Key Questions Answered in the Report
The micro lending market attained a value of nearly USD 152 billion in 2020.
The market is projected to grow at a CAGR of 13% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 316 billion by 2026.
The growth in microfinancing to aid small and medium enterprises owing to favourable government campaigns in India is driving the industry growth.
The growing integration of technology to digitise the microlending process to provide enhanced security is augmenting the market growth.
The major regional markets for micro lending are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading providers of micro lending in the industry are banks, micro finance institutes, and NBFC (non-banking finance institutes), among others.
The significant end users of micro lending in the market are small enterprises, micro enterprises, and solo entrepreneurs and self-employed.
The major players in the industry are BlueVine, Inc., Kabbage, Inc., SteetShares Inc., On Deck Capita Inc., and Lendino, Inc., among others
Analyst Review
The global micro lending market attained a value of about USD 152 billion, driven by the rising introduction of favourable government campaigns to support small enterprises. Aided by the increasing digitisation within the finance sector, the market is expected to grow at a CAGR of 13% in the forecast period of 2023-2028 to reach USD 316 billion by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of providers, the market can be divided into banks, micro finance institutes, and NBFC (Non-Banking Finance Institutes), among others. On the basis of end user, the market can be divided into small enterprises, micro enterprises, and solo entrepreneurs and self-employed. The major regional markets for micro lending are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are BlueVine, Inc., Kabbage, Inc., SteetShares Inc., On Deck Capita Inc., and Lendino, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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