Microfinance Market Set to Reach US$ 650 Billion by 2033, Fueling Financial Inclusion

The size of the microfinance market is projected to be US$ 228.8 billion in 2023 and is expected to grow at a high-value CAGR of 11% to reach US$ 650 billion in valuation by 2033.

Microfinance is a dynamic and innovative sector within the financial services industry, with the primary goal of addressing financial inclusion and alleviating poverty among underserved populations around the world. Microfinance, also known as 'banking for the unbanked', has gained considerable attention and traction in recent decades, owing to its potential to empower individuals and small businesses in low-income communities.

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