Kenyan alternative lending market
Dublin, Feb. 01, 2024 (GLOBE NEWSWIRE) — The “Kenya Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, by End User, by Financing Model, by Payment Instrument, by Loan Type and Demographics – Q2 2023 Update”- report has been added to ResearchAndMarkets.com’s offering.
A comprehensive analysis of the burgeoning alternative lending sector in Kenya reveals significant growth opportunities for businesses and investors, according to a newly published databook report. With an expected annual growth rate of 41.4%, the Kenyan alternative lending market is predicted to reach a value of US$347.8 million in 2023.
The in-depth databook outlines a robust medium to long-term growth trajectory for alternative lending in Kenya, forecasting a compound annual growth rate (CAGR) of 23.3% from 2023 to 2027. This anticipated expansion is expected to propel the market’s valuation from the US $246.0 million in 2022 to $802.8 million by the end of the forecast period.
The report provides a carefully curated analysis of over 75 key performance indicators (KPIs) in the alternative lending sector, mapping market size, forecasts and an extensive range of end-user segments. It includes essential insights, evaluating traditional and emerging financing models, payment instrument preferences, loan types, as well as deep dives into demographic-specific lending trends.
Alternative Lending Dynamics in Kenya: A Sector Poised for Exponential Growth
Against the background of Kenya’s economic indicators such as GDP, unemployment rate and loan default rate, the data book closely analyzes the alternative lending market. This analysis is crucial for stakeholders looking for data-driven market intelligence to guide strategic decision-making.
Highlights of the report include:
Transaction value and volume across various alternative lending models.
Segmentation of market size by end users, to identify opportunities in both the business and consumer domains.
Analysis of financing models, unraveling the structure of peer-to-peer (P2P) lending, balance sheet lending, invoice trading and other emerging platforms.
Insights into the use of payment instruments, indicating transaction values, volumes and average transaction values for various payment methods.
Projection of growth possibilities within the sector by aligning loan types such as B2C and B2B loans with changing market needs.
Consumer attitude and behavior analysis, providing granular insights by age, income and gender dimensions.
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Drive business and investment decisions with actionable market insights
The findings of the report cater to investors, financial institutions and fintech entrepreneurs, providing a quantitative and qualitative understanding of a rapidly evolving market. It strengthens the decision-making apparatus by equipping stakeholders with relevant insights into Kenya’s alternative lending environment.
Kenya’s alternative lending market is transforming the financial landscape and promoting inclusive economic growth by reaching previously underbanked segments. The growing adoption of innovative lending models, facilitated by robust technological advances, highlights the potential for continued expansion and investment in this important sector.
As the alternative lending space evolves, this databook report emerges as a valuable asset for business leaders aiming to carve a niche in Kenya’s vibrant financial ecosystem or those looking to strengthen their existing market presence.
Key features:
Report feature
Details
Number of pages
164
Forecast period
2023 – 2027
Estimated market value (USD) in 2023
$347.8 million
Predicted market value (USD) by 2027
$802.8 million
Compound annual growth rate
23.3%
Regions covered
Kenya
For more information on this report visit https://www.researchandmarkets.com/r/lmt162
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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