Lewes, DE -- (SBWire) -- 07/11/2016 --Report forecast the global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020.
Microfinancing is a type of banking service that is provided to low-income individuals or the unemployed or groups of people that do not have any means to obtain any financial services. The goal of microfinance companies is to provide an opportunity for low-income borrowers to become self-sufficient through saving and borrowing money and providing microinsurance. Microfinance institutions charge interests on loans for their lenders like conventional banking operations. However, these interest rates are lower than those offered by normal banks. Microenterprises are considered as the engine of economic growth for a nation to promote equitable growth and development.
The report covers the present scenario and the growth prospects of the global microfinance market for 2016-2020. To calculate the market size, the report considers the the total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, better risk management practices
Further, the report states that difficulty in credit assessment of microenterprises
Global Microfinance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global microfinance market: Albaraka, ASA, Banco do Nordeste, Bandhan Financial Services, and Fundación de la Mujer
Other Prominent Vendors in the market are: Amhara Credit and Savings Institution, Al Amana Microfinance, Compartamos Banco, Fundación WWB Colombia, ICICI Bank, Standard Chartered, and Wells Fargo
Market driver
- Better risk management practices
- For a full, detailed list, view our report
Market challenge
- Difficulty in credit assessment of microenterprises
- For a full, detailed list, view our report
Market trend
- New credit scoring approach and collaboration in global marketplace
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 101 pages and 29 Exhibit "Global Microfinance Market 2016 – 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-microfinance-market-2016-2020
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