Why is microfinance growing

Search Donate. Is Microfinance Growing Too Quickly? Courtney Piper. Aug 11, South Asia continues to dominate global microfinance: it is the region with the largest amount of borrowers It also has the top three markets in terms of borrowers, India, Bangladesh and Vietnam.

Sauvegarder et quitter. This region is the second largest in terms of number of borrowers, with The Latin America and Caribbean region also continues to be characterised by a low penetration rate in rural areas.

However, they are growing both in terms of number of customers and credit portfolio. The MENA region has the same number of borrowers. In addition, the emergence of various Islamic financial services and banks coupled with the issuance of Sukuk is expected to further augment the market growth in the coming years. South Asia is recognized as the leading market for microfinance worldwide, in terms of number of borrowers.

An important feature of microfinance market in South Asia is that a dominant share of borrowers is made up of women. Though the region holds the leading share of global borrower numbers, South Asia is ranked second in terms of credit portfolio.

Within South Asia, India accounts for a significantly high share of the overall borrowers. India remains a highly promising microfinance market with high growth recorded in terms of borrowers and loan portfolio. India Banco do Nordeste do Brasil S. Brazil Bandhan Financial Services Pvt.

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