Micro Lending Market Size Is Expected To Reach USD 86.82 Billion By 2030
San Francisco, 13 Oct 2023: The Report Micro Lending Market Size, Share & Trends Analysis Report By Service Provider (Banks, Micro Finance Institutes (MFIs)), By End-user (Solo Entrepreneurs & Individuals, Micro, Small & Medium Enterprises), By Region, And Segment Forecasts, 2022 - 2030 The global micro lending market size is expected to reach USD 86.82 billion by 2030, growing at a CAGR of 13.4% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growth is anticipated to be driven by several advantages offered by micro lending to the loan providers, such as the easy accessibility to offer loans within and aboard the country and earning more interest rates compared to the traditional fixed deposit and other investments. Furthermore, the growing demand for micro lending by individuals through peer-to-peer lending platforms is another major factor driving the market’s growth. Furthermore, the initiatives undertaken by the government to