What is MicrocreditMarket?
Microcredit is refer to financial services that is provided to low-income individuals or the unwaged or groups of persons that do not have any resources to gain any financial facilities. Government of emerging economies are taking initiative to promote microcredit to increase number of small medium enterprises which are responsible for economic growth of the nation. In addition various types of agricultural, improved risk management practices, life and health micro insurance potentially growing the market.
Increasing Adoption of Credit Scoring Method
Rising Number of Micro Enterprises, Growing Government Initiatives and Increasing Private Sector Banks in Emerging Economies
Growing Demand of life Micro Insurance, Health Micro Insurance
The Players Covered in the Study are:
Albaraka (South Africa), ASA International (United Kingdom), Banco do Nordeste (Brazil), Bandhan Financial Services (India), Amana Microfinance (Morocco), Compart Amos Banco (Mexico), ICICI Bank (India), Standard Chartered (United Kingdom) and Wells Fargo (United States)