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Global Micro Lending Market to Grow at a CAGR of 13% during 2024-2032, Aided by Partnership Between Banks and Microfinance Institutes

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Global Micro Lending Market Size, Share, Trends, Forecast: By Provider: Banks, Micro Finance Institute, NBFC (Non-Banking Financial Institutions), Others; By End User: Small Enterprises, Micro Enterprises, Solo Entrepreneurs and Self Employed; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Micro Lending Market Outlook

The global micro lending market attained a value of about USD 219.32 billion in 2023. The market is further expected to grow at a CAGR of 13.0% during the forecast period of 2024-2032 to reach USD 657.90 billion by 2032.

Global Micro Lending Market

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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.

Global Micro Lending Market by Segment

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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.

Global Micro Lending Market by Region

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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.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
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 (2018-2023)
   8.3   Global Micro Lending Market Forecast (2024-2032)
   8.4   Global Micro Lending Market by Provider
       8.4.1   Banks
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Micro Finance Institute
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   NBFC (Non-Banking Financial Institutions)
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Others
   8.5   Global Micro Lending Market by End User
       8.5.1   Small Enterprises
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Micro Enterprises
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Solo Entrepreneurs and Self Employed
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
   8.6   Global Micro Lending Market by Region
       8.6.1   North America
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
9   North America Micro Lending Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Micro Lending Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Micro Lending Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Micro Lending Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Micro Lending Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   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 2032
2.   Global Micro Lending Historical Market: Breakup by Provider (USD Million), 2018-2023
3.   Global Micro Lending Market Forecast: Breakup by Provider (USD Million), 2024-2032
4.   Global Micro Lending Historical Market: Breakup by End User (USD Million), 2018-2023
5.   Global Micro Lending Market Forecast: Breakup by End User (USD Million), 2024-2032
6.   Global Micro Lending Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Micro Lending Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Global Micro Lending Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Global Micro Lending Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Micro Lending Market Structure

Key Questions Answered in the Report

What was the global micro lending market size in 2023?

The market attained a value of approximately USD 219.32 billion in 2023.

What is the growth rate of the global micro lending market?

The market is projected to grow at a CAGR of 13% in the forecast period of 2024-2032.

What is the forecast outlook of the global micro lending market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 657.90 billion by 2032.

What are the major market drivers?

The growth in microfinancing to aid small and medium enterprises and rising investments by venture capitalists in micro lending providers are driving the market growth.

What are the key trends of the market?

The increasing integration of technology to digitise microlending processes and introduction of favourable policies by various governments for micro lending are key trends in the market.

What are the major regional markets of micro lending, according to the EMR report?

The major regional markets for micro lending are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Who are the leading providers of micro lending in the market?

The leading providers of micro lending in the market are banks, micro finance institute, and NBFC (non-banking finance institutions), among others.

Who are the significant end users of micro lending in the market?

The significant end users of micro lending in the market are small enterprises, micro enterprises, and solo entrepreneurs and self-employed.

Who are the key market players, according to the report?

The key players in the global micro lending market are BlueVine, Inc., Kabbage, Inc., SteetShares Inc., On Deck Capital Inc., and Lendio, Inc., among others.

Analyst Review

The global micro lending market attained a value of about USD 219.32 billion in 2023, 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 2024-2032 to reach USD 657.90 billion by 2032.

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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