Microfinance Market Poised to Reach US$ 496.9 billion by 2032 with a 10.8% CAGR
Microfinance Market Research Report By Type of Institution (Banks, Non-Banking Financial Institutions (NBFIs), Cooperatives, Credit Unions), By Product Type (Microloans, Savings Accounts, Insurance, Money Transfers), By Loan Purpose (Business Development, Education, Housing, Agriculture), By Target Customer (Microentrepreneurs, Low-Income Households, Women, Youth) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032
The global Microfinance Market has experienced significant growth in recent years and is set to expand further over the coming decade. In 2023, the market size was valued at USD 237 billion and is projected to grow from USD 262 billion in 2024 to USD 496.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.8% during the forecast period (2023–2032). The market's expansion is primarily driven by financial inclusion initiatives, increasing demand for small-scale loans, and the digital transformation of microfinance services.
Key Drivers of Market Growth
Rising Demand for Financial Inclusion
Microfinance plays a crucial role in providing financial services to underserved populations, particularly in developing regions. Governments and non-governmental organizations (NGOs) are promoting microfinance to empower low-income individuals and small businesses, driving market growth.
Growth of Micro, Small, and Medium Enterprises (MSMEs)
MSMEs rely on microfinance institutions (MFIs) for working capital and expansion funds, especially in emerging economies. The increasing number of small businesses and startups is fueling the demand for microcredit and microloans.
Adoption of Digital Microfinance Services
The integration of mobile banking, blockchain, and artificial intelligence (AI) in microfinance has improved accessibility and efficiency. Digital lending platforms and fintech innovations are enabling faster loan disbursements, reducing operational costs, and minimizing risks.
Government and Regulatory Support
Governments worldwide are implementing policies to support microfinance initiatives, including interest rate subsidies, financial literacy programs, and credit guarantee schemes. Regulatory frameworks are evolving to enhance transparency and security in the microfinance sector.
Increasing Participation of Impact Investors
Social impact investors and microfinance investment funds (MIVs) are actively supporting microfinance institutions, providing capital to expand financial access in rural and unbanked regions. The rising interest in sustainable finance is contributing to market expansion.
Download Sample Pages - https://www.marketresearchfuture.com/sample_request/24895
Key Companies in the Global Microfinance Market Include
Kiva
MicroVest
Accion International
PRODEM
SKS Microfinance
Women's World Banking
Opportunity International
Plan International
BRAC
FINCA International
Market Segmentation
To provide a comprehensive analysis, the global Microfinance Market is segmented based on service type, provider type, and region.
1. By Service Type
Microcredit: Small loans provided to individuals and businesses.
Micro-Savings: Low-income individuals using microfinance institutions to save money.
Micro-Insurance: Affordable insurance products tailored for underserved populations.
Remittance Services: Money transfer and payment services for low-income individuals.
2. By Provider Type
Microfinance Institutions (MFIs): Dedicated institutions offering small loans and financial services.
Banks: Commercial and rural banks integrating microfinance services.
Non-Governmental Organizations (NGOs): Non-profits supporting microfinance initiatives.
FinTech Companies: Digital platforms and mobile lending apps providing microfinance solutions.
3. By Region
North America: Increasing demand for microfinance solutions in underserved communities.
Europe: Growth driven by social impact investing and financial inclusion policies.
Asia-Pacific: Largest and fastest-growing region, with strong microfinance adoption in India, Bangladesh, and Indonesia.
Rest of the World (RoW): Expanding financial access in Latin America, Africa, and the Middle East.
The global Microfinance Market is on a strong growth trajectory, driven by digital innovation, financial inclusion efforts, and increasing support for small businesses. As microfinance institutions continue to evolve with technology-driven solutions, the industry is expected to play a key role in poverty reduction and economic development. With vast opportunities across various regions and financial segments, the future of the microfinance sector looks promising.
Related Report –
Machine Learning in Banking Market
Musical Instrument Insurance Market
About Market Research Future –
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Forward
an hour ago
- Japan Forward
Japan's Ruling Party to Launch TikTok Account in June
このページを 日本語 で読む Japan's ruling Liberal Democratic Party will launch its official TikTok account in June. This was revealed by Takuya Hirai, head of the LDP's Public Relations Headquarters, at an event hosted by the Chinese-owned video-sharing app on June 4. Speaking at the event, Hirai said, "We're finally starting the LDP's official TikTok account this month." He cited the platform's "clear appeal to young people" and its "excellent algorithm" as key reasons for the move. At the event held in Tokyo, TikTok revealed its "Socio-Economic Impact Report," which outlines the app's economic and social impact in Japan. Hirai, who served as Japan's first Minister for Digital Transformation, appeared as a guest speaker. During his remarks, Hirai highlighted a recent initiative in his home prefecture of Kagawa. Popular TikTok creators from nine countries and regions were invited to showcase the area's local charm. "Shops and products featured by these creators garnered significant attention," he said. "In terms of prompting real-world activity, I believe the economic impact is substantial." He also expressed optimism about future collaborations between local governments and TikTok. He linked this potential to the LDP's "Regional Revitalization 2.0" initiative, spearheaded by the Shigeru Ishiba administration. "By expanding the number of people with ties to a region and helping them discover new value, I believe we can create meaningful opportunities moving forward," he said. LDP's Takuya Hirai (center) with TikTok creators AAAtsushi and Meg Ensaka. TikTok now boasts one billion users worldwide, with around 33 million monthly users in Japan across the main app and related services. The economic report was released at a time when TikTok's influence on Japan's economy and society continues to grow. According to the report, TikTok videos have generated economic benefits across various domestic industries. The app's estimated contribution to Japan's nominal GDP is ¥485.5 billion JPY (around $3.4 billion USD). Nobuaki Yasunaga, Executive Officer of TikTok Japan, noted that the number of creators in Japan has risen to 2.26 million. "What matters most for us as a platform is that an economic cycle is being created within that community," he said. He emphasized that the estimated total income of creators has reached ¥119.7 billion ($830 million) The report also estimates that consumer spending through TikTok reached ¥237.5 billion ($1.6 billion) in 2024. This marks a 37% increase from 2023. "TikTok is no longer just a platform for watching and enjoying videos; it's becoming a driver of economic activity," the analysis concluded. The company is aiming for further growth in Japan by increasing the number of content creators, including political parties and local governments. TikTok Japan's Yasunaga pointed out that the platform is unique in encouraging creators to stay in a region for an extended period and produce videos in collaboration with local governments and residents — something other video platforms don't do. He added, "We want to continue supporting partnerships between creators and municipalities. Building trust is key. Many creators typically film in their own rooms, but by going out and meeting fans in person, they not only create real-world connections but also gain a sense of contributing to their communities through their activities." At the event, popular creators and company representatives took part in a panel discussion. They shared their personal experiences while discussing the appeal and potential of TikTok. Comments from the panel included: "It's especially effective for reaching young audiences," "Posting videos has brought in customers from overseas," and "With just a smartphone, it gave me a chance to pursue my dream through music." Singer-songwriter Meg Ensaka, whose "Kiretemasu!" ("I'm Pissed!") series has been viewed over 600 million times across TikTok and other platforms, spoke about the platform's impact on her career. Meg Ensaka served as the moderator of the panel discussion. "Since I started posting, more people have been coming to my live shows. My songs are now reaching middle and high school students, and my fanbase has expanded. At concerts across Japan, audiences have been growing, and merchandise sales have gone up too," she said. She also praised the platform's short video format. "TikTok is perfect for getting people who might not normally be interested to listen to your music," she said. She added, "The algorithm evaluates content based on its own quality, so [unlike other platforms] you don't need to worry about dragging down your average view count. It encourages creators to try bold, creative expressions. Anyone could go viral tomorrow." Author: Ryo Nishiyama, The Sankei Shimbun このページを 日本語 で読む
Cision Canada
5 hours ago
- Cision Canada
PEXX Launches Borderless USD Neo-Bank for the Global Generation
Borderless dollar banking—built different for people who live and work everywhere SINGAPORE, June 10, 2025 /CNW/ -- PEXX, the cross-border USD platform built for today's mobile workforce, has opened its full neo-banking suite to customers in more than 50 countries. The launch delivers four connected products that let users Bank Different, Pay Different, Send Different, and Earn Different —replacing legacy bank delays, paperwork, and hidden fees with real-time settlement and transparent pricing. Since its initial launch in 2024, PEXX has empowered users across 50+ countries to move money faster, easier, and more affordably than traditional finance. With its expanded platform, PEXX fills three gaps no single provider closes: What legacy banks won't offer: a full-feature USD account you can open from anywhere—no branch visits, no U.S. residency required. What crypto exchanges can't deliver: fast, global crypto-to-fiat transfers that arrive as spendable dollars, off-chain and straight into bank accounts. What most neo-banks still lack: on-demand tokenized U.S.-Treasury yield (T-Bills) and real-time stablecoin settlement, working seamlessly and interchangeably with your dollars and Visa card. Together, these capabilities hand the borderless, digital-first generation one modern way to hold, move, and grow dollars—wherever life goes next. Banking Done Different USD and Stablecoins Everywhere. All at Once PEXX gives users everything they expect from a USD bank—without the barriers. Key features include: Borderless Virtual USD Accounts Open a full-featured digital USD account with zero monthly fees, no minimums, and instant onboarding using just a passport and phone—no U.S. residency or SSN required. Deposit in USDT or USDC, send and receive USD via SWIFT, ACH, and Fedwire from anywhere. Daily Interest Wallet Earn up to 3.5% APY automatically on idle balances, powered by tokenized U.S. Treasury Bills via regulated third-party infrastructure. No lockups. No hidden risks. Yield is paid daily. PEXX Card Spend USD, USDT, or USDC at 150M+ merchants worldwide with your free global Visa debit card—from Uber Eats and Alipay to your Netflix subscription. Free instant Visa virtual card with a flat 1.2% FX fee. Global Off-Ramp Transfers Send USD and stablecoins directly to bank accounts in over 50 countries, typically clearing within minutes, sometimes seconds, and always within 24 hours. Industry-leading FX rates and real-time Google FX pricing for full transparency. The Best Rates in the Game In key payment corridors, PEXX has developed stablecoin payment infrastructure to outperform leading global fintech players. Illustration of comparison below on 2 June 2025: By pairing real-time FX with zero transfer fees, PEXX lets users keep 1–2% more on every transfer—ideal for freelancers, businesses, and global citizens. Built for the Rest of Us PEXX is accessible worldwide—purpose-built for: Freelancers, remote workers, and creators earning in USD and stablecoins. Expats, students, and digital nomads managing cross-border payments. Startups and SMEs paying global teams or suppliers. Everyday users who want to store—and grow—USD securely. "Banking Without Borders" "PEXX gives you everything you expect from a USD bank—except the borders, high fees and friction. Our mission is simple: if you've got a passport and a phone, you should have full access to USD, just like anyone else. That's the future we're building." — Marcus Lim, CEO and Founder of PEXX Seed Funding & Growth Roadmap PEXX recently closed over $4 million seed round led by TNB Aura, with participation from Antler and LongHash Ventures, alongside angel investors including Dexter Lo, Kenneth Low. This strategic funding will fuel the company's next phase—spanning global licensing, product innovation, and expansion across Asia, Latin America, and the Middle East. PEXX also partners with Fireblocks for secure asset custody and Ripple for ultra-fast global blockchain payments. As an AUSTRAC-registered Digital Currency Exchange (DCE) and remittance dealer and Money Service Business in the US, PEXX combines cutting-edge technology with regulatory compliance to deliver a truly borderless banking experience. About PEXX PEXX is a next-generation USD platform and neo-banking suite built for the global generation. Founded in 2024, it delivers borderless access to U.S. dollars through interest-bearing wallets, real-time transfers, and a globally accepted Visa card—powered by stablecoins, tokenized T-Bills, and blockchain settlement. From freelancers to founders, PEXX brings Wall-Street-level financial tools to everyone, everywhere—showing there's a smarter, truly different way to send, spend, earn, and bank your money.
Cision Canada
5 hours ago
- Cision Canada
ADF GROUP INC. ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED APRIL 30, 2025 Français
QUARTER HIGHLIGHT Revenues of $55.5 million, down from the same period last year, in line with the uncertainty related to the U.S. tariffs. Gross margin, as a percentage of revenue (1) stood at 22.0%, compared to 29.2% a year ago. Cash flow from operations of $25.3 million. Net income of $8.7 million, down compared to April 30, 2024. Order Backlog (1) at $330.4 million as at April 30, 2025, up compared with January 31, 2025. All amounts are in Canadian dollars unless otherwise noted. TERREBONNE, QC, June 10, 2025 /CNW/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures, recorded revenues of $55.5 million for the first quarter ended April 30, 2025, compared to $107.4 million for the same period a year earlier. Gross margin, as a percentage of revenue (1) went from 29.2% for the three (3) months ended April 30, 2024, to 22.0% for the same period ended April 30, 2025. These variations are attributable to the direct and indirect impacts of the U.S. tariffs. Although the Corporation's order backlog (1) is more than adequate, exceeding $300 million as at April 30, 2025, the uncertainty surrounding the application and functioning of these tariffs has caused an unrecoverable delay in fabrication hours, mainly at ADF's plant in Terrebonne, Quebec. The decline in revenues forced the Corporation to take contingency measures and initiate a work-sharing program at its Terrebonne plant. This program has allowed the Corporation to mitigate the negative impacts of the decrease in fabrication hours, however not entirely. The tariffs also had an indirect negative impact on the Corporation's margins, which is caused by the increase in the price of steel sold by U.S. steel mills. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) (2) amounted to $10.4 million, or 18.7% of revenues, compared with $23.1 million or 21.5% of revenues on April 30, 2024. For the first quarter ended April 30, 2025, ADF recorded net income of $8.7 million ($0.30 per share basic and diluted) compared to net income of $15.3 million ($0.47 per share basic and diluted) for the same period a year earlier. As at April 30, 2025, the Corporation's order backlog (1) was $330.4 million, up compared with January 31, 2025, when the order backlog stood at $293.1 million. As at April 30, 2025, the Corporation had working capital (1) of $108.6 million while operating activities generated cash of $25.3 million during the three (3) month period ended April 30, 2025, closing the same quarter with cash and cash equivalents of $75.3 million. Financial Highlights (1) Adjusted EBITDA is a non-IFRS financial measure. Refer to the "Non-IFRS Financial Measures and Other Financial Measures" section of this press release for the definition of this indicator. U.S. Tariffs In recent months, the tariff measures put in place by the US authorities have been marked by frequent and sometimes unpredictable developments. In this context, and now that the official documents have been published and interpreted by the Corporation's customs experts, Management has a clearer view of the different impacts of these tariffs, including the impact of the announcements in the recent weeks. The products exported by ADF comply with the requirements of the Canada-United States-Mexico Agreement (USMCA). As a result, they are only subject to the specific steel tariffs, set at 25% by U.S. Government Proclamation 10896. These duties only apply if the raw materials used are not smelted and poured in the United States. However, ADF generally obtains steel from US-based mills and has done so for several years. Thus, when this condition is met, ADF's exports are exempt from these duties, allowing the Corporation to maintain its competitiveness in the U.S. market. At the same time, the Canadian government introduced countermeasures in the form of surtaxes on steel imports from the United States. However, these surcharges are recoverable upon exports. To facilitate the management of these costs for manufacturers, a remission order has been issued, allowing for immediate relief from these surtaxes at the time of import. Outlook "Given the circumstances, and more particularly the uncertainty related to U.S. tariffs, we are pleased with the results of the first quarter of our current fiscal year, which ended on April 30, 2025. We were able to generate cash, while continuing our normal course issuer bid program, which we have completed since the close of the first quarter" indicated Mr. Jean Paschini, Chairman of the Board of Directors and Chief Executive Officer. " We closed our first quarter with an order backlog (1) of $330.4 million, allowing us to expect an increase in revenue and profitability for the second half of our fiscal year ending January 31, 2026" concluded Mr. Jean Paschini. Dividend On April 9, 2025, ADF Group's Board of Directors approved the payment of a semi-annual dividend of $0.02 per share, which was paid on May 15, 2025, to Shareholders of Record as at April 24, 2025. Conference Call with Investors A conference call with investors is scheduled today, April 10, 2025, at 10 a.m. (Montreal time) to discuss the results of the quarter ended April 30, 2025. To join the conference call without operator assistance, you can register with your phone number on to receive an instant automatic reminder. You can also join the conference call with operator assistance by dialing 1-800-990-4777 a few minutes prior to the conference call scheduled start time. A replay of this conference call will be available from 1:00 p.m. on June 10, 2025, until June 17, 2025, by dialing 1-888-660-6345, followed by access code 63247#. The conference call (audio) will also be available at the Members of the media are invited to join in listening mode. ANNUAL GENERAL MEETING OF SHAREHOLDERS FOR THE FISCAL YEAR ENDED JANUARY 31, 2025 ADF Group Inc.'s Annual Meeting of Shareholders will be held on: About ADF Group Inc. | ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. Forward-Looking Information | This press release contains forward-looking statements reflecting ADF's objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF's expectations. Non-IFRS Financial Measures and Other Financial Measures | Are measures derived primarily from the consolidated financial statements but are not a standardized financial measure under the financial reporting framework used to prepare the Corporation's financial statements. Therefore, readers should be careful not to confuse or substitute them with performance measures prepared in accordance with IFRS. In addition, readers should avoid comparing these non-IFRS financial measures to similarly titled measures provided or used by other issuers. The definition of these indicators and their reconciliation with comparable International Financial Reporting Standards measures issued by the International Accounting Standards Board ("IFRS Accounting Standards") is as follows: Adjusted EBITDA shows the extent to which the Corporation generates profits from operations, without considering the following items: Net financial expenses; Income taxes expense ; Foreign exchange losses, and Depreciation and amortization of property, plant and equipment, intangible assets, and right-of-use assets. Net income is reconciled with adjusted EBITDA in the table below: Gross Margin as a Percentage of Revenues Gross margin as a percentage of revenue indicator is used by the Corporation to assess the level of profitability for a given period based on the project mix for that same period. This indicator is subject to fluctuations in project prices and also in the operational efficiency of the Corporation. The indicator of gross margin as a percentage of revenues results from dividing gross margin by revenues. Order Backlog The order backlog is a measure used by the Corporation to assess future revenue levels. The order backlog includes firm orders obtained by the Corporation, either through a firm contract or a formal notice to proceed confirmed by the client. The order backlog disclosed by the Corporation therefore includes the portion of confirmed contracts that have not been put into production. Working Capital The working capital indicator is used by the Corporation to assess whether current assets are sufficient to meet current liabilities. It is therefore equal to current assets, less current liabilities. SOURCE ADF Group Inc.
