The Global Micro Lending Market size is expected to reach $65.4 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period
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- NEW YORK, Nov. 28, 2022 /PRNewswire/ -- The Global Micro Lending Market size is expected to reach $65.4 billion by 2028, rising at a market growth of 12.8% CAGR during the forecast period.
- The process of giving small loans, or microloans, to proprietors of small businesses is known as micro lending.
- There are a variety of reasons why a borrower could need money, all of which are disclosed to prospective lenders.
- On the basis of end user, the micro lending market is divided into solo entrepreneurs & individuals and micro, small & medium enterprises.