Microfinance Market Outlook 2016: Developments, Forecasts, Trends
An in-depth and concise overview of the expected developments in the industry for 2016
This is the sixth edition of the Microfinance Market Outlook report. The study has been providing insights into global developments in the microfinance sector and presenting forecasts for the next 12 to 14 months. Key findings of the study include:
- Economic growth in the 15 main microfinance markets will increase from 3.5% to 4.0% in 2016 and will thus be twice as high as in the developed economies;
- The global microfinance market is expected to grow by 10-15% in 2016. Led by India and Cambodia, which benefit from a more favourable regulatory environment and strong demand for microfinance services, Asia’s microfinance markets are experiencing the strongest growth momentum;
- Technological progress is a key enabler for the development of microfinance markets. More than 70% of the respondents to responsAbility’s expert survey stress the important role of technology in the industry’s efforts to push penetration of financial services and offer microfinance services at lower costs;
- Although local funding sources are gaining importance for microfinance institutions, international investors remain relevant as they offer greater diversification and a sustainable funding basis for the dynamically growing industry.
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