Invest in Microfinance Business with Insights Of High Beam Global (1)

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Invest in Microfinance Business with Insights Of
High Beam Global
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• Microfinance is a type of banking service which
  is provided to unemployed or low-income groups
  because they have minimal access to financial
  resources. It enables an individual to take a
  reasonable amount of small loans safely in a
  consistent manner with ethical lending practices.
  Microfinance is of the flourishing vertical of
  the banking industry . A total number of
  microfinance accounts was 9.33crore at the end of
  March 2019. According to the secondary research
  conducted by a research analyst, the microfinance
  industry is foreseen to see a growth of 20-22 in
  2019-20.

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• Various government initiatives for poor and
  better risk management practices being adopted to
  provide better financial aid and access to poor
  individuals are driving the microfinance market.
  High transaction cost and a small volume of
  transaction is the biggest challenge faced by
  microfinance institutions. Lack of education and
  awareness of financial services offered by the
  public is a significant threat to the growth of
  this market. A nonprofit commitment by the
  government to understand the economic scenarios
  of the low-income group and provide them access
  to fulfill their daily needs is creating
  lucrative growth opportunities with data
  collection for the microfinance industry.

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• Many market research company in India is
  conducts an in-depth interview and analysis with
  experts of microfinance for their clients to gain
  insights on market dynamics, market size, market
  survey and industry performance. They help you to
  conduct a complete industry analysis, pestle
  analysis, regional analysis, as well as insights
  to its types, application, and end-users with a
  detailed survey from key opinion leaders of this
  business. HBG can also help you to conduct a
  comprehensive claim satisfaction survey with your
  clients. We specialize in collecting detailed
  insights from top industry experts to solve your
  business challenges and also understand your
  client's needs and industry scenario.