Microcredit Market Report 2025 (Global Edition)

Global Microcredit Market Report 2025 Market Size Split by Service (Group and individual micro credit, Leasing, Micro investment funds, Insurance, Savings and checking accounts, Others), by Provider (...

Microcredit Market Report Description

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Competitive Landscape of the Microcredit market

The competitive landscape of the microcredit market is diverse, featuring a range of players from established microfinance institutions (MFIs) like Grameen Bank and BRAC to innovative fintech startups such as Kiva. Factors such as technological advancements, regulatory environments, and social impact strategies differentiate players, while partnerships and collaborations drive industry growth and expand access to financial services for underserved communities.

In April 2023, the World Bank remains committed to assisting Morocco in its efforts to enhance financial and digital inclusion reforms.

(Source:https://www.worldbank.org/en/news/press-release/2023/04/03/world-bank-continues-to-support-morocco-s-financial-and-digital-inclusion-reforms)

Top Companies Market Share in Microcredit Industry: (In no particular order of Rank)

• Grameen Bank (Bangladesh)
• Accion (United States)
• BRAC (Bangladesh)
• FINCA International (United States)
• Kiva (United States)
• ASA (Bangladesh)
• SKS Microfinance (India)
• Opportunity International (United States)
• Bandhan Bank (India)
• Banco Compartamos (Mexico)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Microcredit Market

Which Region Dominates the Microcredit market in 2024?

According to Cognitive Market Research, the North America region stands out as the largest market for microcredit is propelled by several factors such as increasing awareness of financial inclusion, a growing entrepreneurial culture, and the adoption of innovative fintech solutions. Countries like US, Canada and Mexico have seen significant expansion in microcredit services, reaching underserved communities and fostering economic empowerment. Partnerships between microfinance institutions, government initiatives, and supportive regulatory environments contribute to the rapid growth and innovation in North America's microcredit sector..

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is recognized as the fastest-growing region in the microcredit market driven by its vast population, diverse economies, and significant demand for financial inclusion. Countries like India, Bangladesh, and Indonesia have robust microfinance sectors, with millions of borrowers accessing microcredit products. The region's dynamic entrepreneurial ecosystem, coupled with supportive regulatory frameworks and technological advancements, contributes to the substantial growth and scale of microcredit operations in Asia-Pacific.

The current report Scope analyzes Microcredit Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Microcredit Market Analysis

According to Cognitive Market Research, the global Microcredit market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Microcredit market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. The demand is amplified by the nation's entrepreneurship support financial inclusion drive and small business growth.
• The Canada Microcredit market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. Canada's robust indigenous community aid rural development projects, immigrant entrepreneur support to increased usage of microcredit market.
• The Mexico Microcredit market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD XX million in 2024.

Europe Microcredit Market Analysis

According to Cognitive Market Research, the global Microcredit market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.

• The United Kingdom Microcredit market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. In the UK, Microcredit market sales witness an upswing due to the nation's Social enterprise funding, economic empowerment programs and microbusiness development.
• The France Microcredit market is projected to witness growth at a CAGR of 9.7% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Microcredit market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. In Germany, Microcredit market sales surge due to the nation's refugee integration support, minority-owned businesses and Sustainable development goals.
• The Italy Microcredit market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia Microcredit market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain Microcredit market is projected to witness growth at a CAGR of 9.6% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Microcredit market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Microcredit market is projected to witness growth at a CAGR of 10.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece Microcredit market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Europe Microcredit market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Microcredit Market Analysis

According to Cognitive Market Research, the global Microcredit market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Microcredit market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Microcredit market sales surge in China due to the nation's rural poverty alleviation, small-scale farming support and urban microenterprise growth.
• The Japan Microcredit market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD XX million in 2024.
• The India Microcredit market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. The demand is augmented by India's women empowerment tool, rural economic upliftment, self-employment initiatives
• The South Korea Microcredit market is projected to witness growth at a CAGR of 13.1% during the forecast period with a market size of USD XX million in 2024.
• The Australia Microcredit market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Microcredit market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Microcredit market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD XX million in 2024.

South America Microcredit Market Analysis

According to Cognitive Market Research, the global Microcredit market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Microcredit market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Microcredit market sales flourish in Brazil due to the nation's Informal sector financing, community development projects, small-scale agriculture support.
• The Argentina Microcredit market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. The demand is augmented by Argentina's microenterprise funding, urban poverty reduction and Social impact investing.
• The Colombia Microcredit market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD XX million in 2024.
• The Peru Microcredit market is projected to witness growth at a CAGR of 11.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile Microcredit market is projected to witness growth at a CAGR of 11.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Microcredit market is projected to witness growth at a CAGR of 10.5% during the forecast period with a market size of USD XX million in 2024.

Middle East Microcredit Market Analysis

According to Cognitive Market Research, the global Microcredit market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• The GCC Countries Microcredit market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD XX million in 2024. Microcredit market sales flourish due to the region's SME development support, economic diversification efforts and financial inclusion strategies.
• The Egypt Microcredit market is projected to witness growth at a CAGR of 12.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Microcredit market is projected to witness growth at a CAGR of 12.7% during the forecast period with a market size of USD XX million in 2024. Microcredit market sales flourish in the South Africa due to the region's township businesses support, microfranchise opportunities and community-based initiatives.
• The Turkey Microcredit market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Microcredit market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Microcredit market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD XX million in 2024.

Microcredit Market Analysis

Microcredit market Service Type Segment Analysis

According to Cognitive Market Research, Savings and checking accounts represent the largest segment in the microcredit market. These financial services are fundamental to financial inclusion, offering individuals and businesses a means to save, transact, and access credit when needed. The widespread adoption of savings and checking accounts has significantly contributed to expanding access to financial services globally, especially in emerging economies.

Micro investment funds are emerging as the fastest-growing segment in the microcredit market. These funds cater to investors seeking to support microenterprises and socially impactful projects while generating modest returns. With the increasing emphasis on sustainable investing and social responsibility, micro investment funds are gaining traction among individuals and institutions looking to align their investment portfolios with positive social and environmental outcomes.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Microcredit Industry. Request a Free Sample PDF!

Provider Segment Analysis of Microcredit Market

Market segmentation by Provider is another crucial element in understanding the dynamics of the Microcredit industry. Applications refer to the specific uses or end-user industries that drive demand for the Microcredit products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Microcredit-related solutions most effectively, and where new opportunities are emerging.

Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
 

Some of the key Provider of Microcredit are:

• Banks
• Micro Finance Institute (MFI)
• NBFC (Non-Banking Financial Institutions)
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Microcredit End Use Segment Analysis

According to Cognitive Market Research, Small enterprises represent the largest segment in the microcredit market, often requiring larger loan amounts and more extensive financial services. These businesses, while smaller than large corporations, play a significant role in local economies, creating jobs and contributing to economic growth. Microcredit tailored for small enterprises helps fuel their expansion, supports entrepreneurship, and strengthens the overall business ecosystem.

Solo entrepreneurs are emerging as the fastest-growing segment in the microcredit market. These individuals, often operating as freelancers, gig workers, or small-scale service providers, benefit from microcredit tailored to their specific needs. The rise of the gig economy, freelance work, and digital entrepreneurship has created a demand for microcredit solutions that enable solo entrepreneurs to invest in their businesses, acquire necessary tools or equipment, and seize opportunities for growth and innovation.

• Small Enterprises
• Micro Enterprises
• Solo Entrepreneurs

Microcredit Purpose Segment Analysis

• Agriculture
• Manufacturing
• Trade And Services
• Household
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion