Covid-19 Impact on Global Microfinance Market Size, Status and Forecast 2020-2026

Microcredit is a banking service that is provided to low-income individuals or to the unemployed or to people without access to any financial services.Microfinance companies aim to provide low-income borrowers with the opportunity to become self-sufficient by saving and borrowing, and by providing microfinance insurance.Microfinance institutions, like traditional banking, charge their lenders interest on loans.However, these rates are lower than those offered by ordinary Banks.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Microfinance market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Microfinance industry.
Based on our recent survey, we have several different scenarios about the Microfinance YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Microfinance will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Microfinance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Microfinance market in terms of revenue.
Players, stakeholders, and other participants in the global Microfinance market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Microfinance market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Microfinance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Microfinance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Microfinance market.
The following players are covered in this report:
ResponsAbility Investments AG
Asmitha Microfin
Utkarsh Micro Finance
Share Microfin
Ujjivan
Spandana Sphoorty Financial
Bhartiya Samruddhi Finance Limited（BSFL）
GFSPL
Shri Kshetra Dharmasthala
Bharat Financial Inclusion
GVMFL
Fundacion WWB Colombia
Amhara Credit and Savings Institution
Banco do Brasil
ICICI Bank
Compartamos Banco
Bandhan Financial Services
Standard Chartered
Access Bank
Albaraka
Microfinance Breakdown Data by Type
Banks
Non-Banks
Microfinance Breakdown Data by Application
Agriculture
Manufacturing/Production
Trade & Services
Household Finance
Others