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Microfinance Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2025 | Hexa Research
“ The global microfinance market is anticipated to witness steady growth over
the forecast period.”
31 December 2018
The global microfinance market is anticipated to witness steady growth over the forecast period (2017 to
2025). This growth can be attributed to rapid rise in number of small and medium enterprises (SMEs).
Government initiatives to improve credit lines of people from lower income groups is projected to further
fuel growth. Lower interest rates compared to other finance options are likely to pos itively influence
adoption of these services. Rise in efforts to provide high quality financial services to socially marginalized
people is also one of the key driving factors. Better risk management practices with rise in supply chain
activities of microinsurance companies can also create growth opportunities in future.
Along with financial products, microfinance also offers options such as fund transfers, payments, insurance,
and savings. Crucial role of microenterprises in economic development is projected to propel market
expansion. Microfinance institutes have evolved from conventional non-governmental organizations (NGOs)
to specialized banks. To put this in perspective, some NGOs and non-profit institutions are transforming into
profit-seeking institutions to gain market reach and sustainability. Citi Finance and GE Finance, among other
consumer finance companies, are joining them. Consumer retailers are emerging as consumer lenders.
Examples of such lenders include Tesco and Wal-Mart. Such activities are anticipated to create collaboration
and expansion avenues in the market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/microfinance-market
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