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Micro Lending Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global micro lending market size reached US$ 167.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 331.16 Billion by 2027, exhibiting a growth rate (CAGR) of 11.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Micro lending is a form of financing that provides small sums to self-employed entrepreneurs in small businesses or startups to help them efficiently manage their business. A borrower usually uses microloans if they have poor credit scores, do not have access to local financial institutions, or require a loan smaller than banks offer. Banks, microfinance Institutes (MFIs), and non-banking financial institutions (NBFCs) are some common providers of microloans. A finance fee or interest rate is charged for the sanction of credit or the extension of existing credit. Micro lending assists individuals’ economic growth, promotes financial liberation, and supports entrepreneurs.

Micro Lending Market Trends:

High economic growth for micro, small, and medium-sized enterprises, especially in developing nations, is one of the key factors creating a positive outlook for the market. Micro lending creates significant opportunities for small enterprises and self-employed entrepreneurs to expand their business as it operates on low risk. In line with this, the growing potential of entrepreneurs to bring in more business and start from zero level with less capital support is favoring the market growth. Apart from this, significant growth in the banking, financial services, and insurance (BFSI) industry and increasing digitization are providing an impetus to the market growth. Additionally, the consequent enhancement in the security and functioning of the institutions, along with increasing connectivity that facilitates easy and hassle-free repayment of loans and avoids cash-related risks, are propelling the market growth. Moreover, the rising penetration of smartphones to access financial services through mobile credit and e-wallets are positively influencing the market growth. Other factors, including the widespread adoption of micro-lending for improving lifestyle and the implementation of various government initiatives encouraging micro lending as part of economic development, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global micro lending market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on provider and end user.

Breakup by Provider:

  • Banks
  • Micro Finance Institute (MFI)
  • NBFC (Non-Banking Financial Institutions)
  • Others
     

Breakup by End User:

  • Small Enterprises
  • Micro Enterprises
  • Solo Entrepreneurs and Self-Employed
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, BlueVine Inc., Funding Circle, Lendio Inc., Lendr, Manappuram Finance Limited, NerdWallet, On Deck Capital (Enova International) and StreetShares Inc. (MeridianLink).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Provider, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Express Company, BlueVine Inc., Funding Circle, Lendio Inc., Lendr, Manappuram Finance Limited, NerdWallet, On Deck Capital (Enova International) and StreetShares Inc. (MeridianLink).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global micro lending market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global micro lending market?
  • What are the key regional markets?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global micro lending market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Micro Lending Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Provider
    6.1    Banks
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Micro Finance Institute (MFI)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    NBFC (Non-Banking Financial Institutions)
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by End User
    7.1    Small Enterprises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Micro Enterprises
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Solo Entrepreneurs and Self-Employed
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    American Express Company
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    BlueVine Inc.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Funding Circle
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Lendio Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Lendr
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Manappuram Finance Limited
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    NerdWallet
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
        13.3.8    On Deck Capital (Enova International)
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    StreetShares Inc. (MeridianLink)
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio

List of Figures

Figure 1: Global: Micro Lending Market: Major Drivers and Challenges
Figure 2: Global: Micro Lending Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Micro Lending Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Micro Lending Market: Breakup by Provider (in %), 2021
Figure 5: Global: Micro Lending Market: Breakup by End User (in %), 2021
Figure 6: Global: Micro Lending Market: Breakup by Region (in %), 2021
Figure 7: Global: Micro Lending (Banks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Micro Lending (Banks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Micro Lending (Micro Finance Institute (MFI)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Micro Lending (Micro Finance Institute (MFI)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Micro Lending (NBFC (Non-Banking Financial Institutions)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Micro Lending (NBFC (Non-Banking Financial Institutions)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Micro Lending (Other Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Micro Lending (Other Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Micro Lending (Small Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Micro Lending (Small Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Micro Lending (Micro Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Micro Lending (Micro Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Micro Lending (Solo Entrepreneurs and Self-Employed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Micro Lending (Solo Entrepreneurs and Self-Employed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: North America: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Canada: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Canada: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Asia-Pacific: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Asia-Pacific: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Japan: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Japan: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: South Korea: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: South Korea: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Australia: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Indonesia: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Indonesia: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Others: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Others: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Germany: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Germany: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: France: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: France: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United Kingdom: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United Kingdom: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Italy: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Italy: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Spain: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Spain: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Russia: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Russia: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Latin America: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Latin America: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Brazil: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Brazil: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Mexico: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Mexico: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Middle East and Africa: Micro Lending Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Middle East and Africa: Micro Lending Market: Breakup by Country (in %), 2021
Figure 69: Middle East and Africa: Micro Lending Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Global: Micro Lending Industry: SWOT Analysis
Figure 71: Global: Micro Lending Industry: Value Chain Analysis
Figure 72: Global: Micro Lending Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Micro Lending Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Micro Lending Market Forecast: Breakup by Provider (in Million US$), 2022-2027
Table 3: Global: Micro Lending Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Micro Lending Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Micro Lending Market: Competitive Structure
Table 6: Global: Micro Lending Market: Key Players


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