Albany, NY, July 05, 2016 (GLOBE NEWSWIRE) -- 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.
Technavios analysts forecast the global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020.
Covered in this report:
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 total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, 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 vendors
- Albaraka
- ASA International
- Banco do Nordeste
- Bandhan Financial Services
- Fundacin de la Mujer
- Other prominent vendors
- Access Bank
- Amhara Credit and Savings Institution
- Compartamos Banco
- Fundacin WWB Colombia
- ICICI Bank
View TOC (table of content), Figures and Tables of the Report:http://www.researchmoz.us/global-microfinance-market-2016-2020-report.html
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?
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