Europe Micro Lending Market Size, Share & Industry Trends Analysis Report By Service Provider, By End User (Micro, Small & Medium Enterprises and Solo Entrepreneurs & Individuals), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Micro Lending Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
Aspiring business owners are becoming more eager to collaborate with microlenders. Fewer business owners are able to take out credit cards, borrow against their homes' value, or meet the requirements for standard bank loans, yet there is still a demand for funding. Some microlenders have a clearer goal of attempting to fight poverty by enabling people.
Most microlenders require loan beneficiaries to attend training on business ideas, marketing, and financial planning in addition to assessing applicants' credit ratings. As business owners expand their companies, helping them help themselves is a larger goal of this education process. A lot of microlenders are more focused on development.
Although micro lending is viewed as an asset with the potential for returns by investors, its primary objective is to support small business owners who would otherwise be unable to obtain financing for the establishment, growth, or expansion of their enterprise. Microloans are used by investors to diversify their portfolios among various debt instruments and loans while generating greater rates of return.
Germany's financial services sector is very well-developed and inclusive. Despite the expansion of corporate finance through capital markets, bank loans remain the most popular form of financing for firms in Germany, particularly the small- and medium-sized industries. Germany's universal banking system allows its more than 1,679 banks, savings banks, and network of 25,800 branches to all accept deposits from customers, provide loans to them, and engage in securities trading.
The Germany market dominated the Europe Micro Lending Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,325.9 million by 2028. The UK market is anticipated to grow at a CAGR of 11.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 12.9% during (2022 - 2028).
Based on Service Provider, the market is segmented into Banks and Micro Finance Institutes (MFIs). Based on End User, the market is segmented into Micro, Small & Medium Enterprises and Solo Entrepreneurs & Individuals. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Micro Lending Market will Hit $65.4 Billion by 2028, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Funding Circle Limited (Funding Circle Holdings plc), On Deck Capital, Inc. (Enova International, Inc.), American Express Kabbage Inc. (American Express Company), LendingClub Bank (LendingClub Corporation), Zopa Bank Limited, Biz2Credit, Inc., Lendio, Inc., Bluevine Capital, Inc., Fundera, Inc. (NerdWallet), and StreetShares, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Service Provider
- Micro Finance Institutes (MFIs)
By End User
- Micro, Small & Medium Enterprises
- Solo Entrepreneurs & Individuals
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Funding Circle Limited (Funding Circle Holdings plc)
- On Deck Capital, Inc. (Enova International, Inc.)
- American Express Kabbage Inc. (American Express Company)
- LendingClub Bank (LendingClub Corporation)
- Zopa Bank Limited
- Biz2Credit, Inc.
- Lendio, Inc.
- Bluevine Capital, Inc.
- Fundera, Inc. (NerdWallet)
- StreetShares, Inc.
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