When an entrepreneur or small business owner seeks financial assistance, often they are led down the path of microfinance. But what exactly is microfinance? Who is eligible and who are the providers of service? Using a combination of PRO Trends and relevant market research examples, the Microfinance Trend Report helps users explore this industry to gain insight and market knowledge.
Due to the ongoing fragility of the global economy, many micro financial institutions have seen an increase of business in recent months. In countries like South Africa, Indian, Thailand and the Philippines, entrepreneurs and small business owners are turning to microfinance as a way to get their ventures off the ground.
Track emerging patterns and follow industry leaders like Grameen Bank and Kiva Microfunds using data sourced from a global network of financially savvy consumers.
Microfinance Trend Report
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Trend Themes
1. Rise of Microfinance - The trend of utilizing microfinance as a financial assistance option is on the rise, providing opportunities for disruptive innovation in the traditional banking industry.
2. Global Microfinance Expansion - The global expansion of microfinance in countries like South Africa, India, Thailand, and the Philippines presents opportunities for disruptive innovation in the financial services industry.
3. Digital Microfinance Solutions - The adoption of digital platforms in microfinance services offers opportunities for disruptive innovation in the fintech industry.
Industry Implications
1. Banking - The rise of microfinance presents a disruptive innovation opportunity for traditional banking institutions to offer more inclusive financial services to entrepreneurs and small business owners.
2. Financial Services - The global expansion of microfinance creates opportunities for disruptive innovation in the financial services industry to cater to the specific needs of underserved populations.
3. Fintech - The adoption of digital platforms in microfinance presents disruptive innovation opportunities for fintech companies to create innovative solutions that improve accessibility and efficiency in financial services.