TechNavio recognizes the following companies as the key players in the Microfinance Market in India: SKS Microfinance, Bandhan, Utkarsh, and Spandana Sphoorty Financial Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Due to the recent financial crisis, many MFIs have altered their legal structure and turned into companies to float their equity and bonds to be able to generate more funds. This was nothing but a consequence of their higher dependence on donors and lesser sustainability. Lately, MFIs are going through the phase of mission drift wherein they are molding their social objectives to become financially sustainable. This has enabled MFIs to become sustainable.”
According to the report, one of the key growth drivers for this market is the enormous demand in the untapped market where the market players have not yet been able to reach. These include regions such as the North-East and the northern most parts of the country. Post the crisis, the market has been growing at a consistent rate of growth which is a positive trend encouraging new entrants in the market.
Further, the report states that the tussle between outreach and sustainability has been an everlasting debate in the Microfinance industry. It is a gigantic task for the MFIs to serve the poor and attain sustainability simultaneously. MFIs have always been perceived as institutions with the social objective of uplifting the poor, and they are highly dependent on funding and subsidies to increase and maximize their outreach. However, they run a risk of being unable to sustain themselves, which is a serious threat to their existence.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bharatiya Samruddhi Finance Ltd., BWDA Finance Ltd., Cashpor Micro Credit, Equitas Micro Finance Pvt Ltd., Grameen Financial Services Pvt Ltd. , Janalakshmi Financial Services Pvt. Ltd., and Ujjivan Financial Services Pvt Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/microfinance-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Microfinance Market in India 2012-2016
