Research Consultant Celent Predicts $20 Billion Microfinance Market by 2008
Tuesday, September 12, 2006
The report, released by Boston-based Celent, is titled “Microfinance: What Role for Commercial Banks??.? It sees the microfinance market growing from its current $11 billion to $20 billion by 2008.? The self-financed study found that commercial banks are most suited to provide microfinance to the poor.? The reasons given were that banks generally have greater access to funds and advanced technology compared to microfinance institutions.? The report goes on to provide ?recommendations on penetrating the microfinance industry according to geographic region, financial institutions? structure, product range, expected ROI?, according to a press release from Celent.
The report, released by Boston-based Celent, is titled “Microfinance: What Role for Commercial Banks??.? It sees the microfinance market growing from its current $11 billion to $20 billion by 2008.? The self-financed study found that commercial banks are most suited to provide microfinance to the poor.? The reasons given were that banks generally have greater access to funds and advanced technology compared to microfinance institutions.? The report goes on to provide ?recommendations on penetrating the microfinance industry according to geographic region, financial institutions? structure, product range, expected ROI?, according to a press release from Celent.
The report is available to subscribers of Celent?s Retail Banking service.? Members of the public must contact info@celent.com for more information about accessing the report.? A subscription to one of Celent?s six services starts at $32,500.? A press release abstract of the report can be found here.
Celent is a private, independent research firm that was founded in 1999.? It provides information as well as strategy and management consulting to firms in the banking, investments, and insurance sectors.? Celent gathers information using regulatory, academic, and industry studies, as well as third party commercial information sources, surveys, interviews and conferences.? Titles of other recent reports on banking include: Evaluating the Vendors of Anti-Money Laundering Solutions 2006, Core Banking Solutions for Small Banks.
