These findings ascertain that Nigeria’s medium to long-term growth narrative in the alternative lending sector is robust, paired with a forecast CAGR of 27.4% from 2023 to 2027. The sector is envisioned to expand from its US$146.6 million mark in 2022, reaching an impressive US$560.4 million by 2027.
The “Nigeria Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.
Insights from a recent market research publication reveal a substantial uplift in the alternative lending market within Nigeria. Demonstrating an exceptional annual growth rate of 45.2%, the market is slated to attain new heights with expectations to touch US$212.9 million in 2023.
These findings ascertain that Nigeria’s medium to long-term growth narrative in the alternative lending sector is robust, paired with a forecast CAGR of 27.4% from 2023 to 2027. The sector is envisioned to expand from its US$146.6 million mark in 2022, reaching an impressive US$560.4 million by 2027.
The report meticulously dissects various dimensions of the alternative lending market. An in-depth analysis ranging from detailed economic indicators to consumer behaviour patterns provides stakeholders with profound insights into this lucrative market space. A multitude of KPIs, both in terms of value and volume, enrich the report, presenting an in-depth comprehension of market dynamics and end-user engagement.
Nigeria’s Economic and Alternative Lending Indicators At a Glance
- Comprehensive evaluation of Gross Domestic Product at current prices.
- Detailed insights into population demographics and the unbanked population segment.
- Unemployment rates and loan default rates analysed to present a complete financial landscape.
Diverse Financing Models and Consumer Lending Trends
The alternative lending sphere in Nigeria is explored through a prism of different finance models, ranging from Peer-to-Peer (P2P) lending to real estate crowdfunding. Illustrative of diverse consumer and business borrowing preferences, the report navigates across various lending paradigms:
- P2P Marketplace Consumer Lending
- Balance Sheet Business Lending
- Invoice Trading
Payment instrument intricacies are also explored, revealing a nuanced picture of transaction volumes and average values across channels such as credit transfer, e-money, and traditional cash and checks.
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Transaction and Loan Type Analyses: From B2C to B2B Dynamics
In the B2C sector, detailed data on personal loans, payroll advances, and other consumer-oriented loan types are dissected. Similarly, the B2B arena shows lines of credit and merchant cash advances under the scanner for their market impact and growth trajectory. These insights shine a light on the changing contours of Nigeria’s borrowing landscape, reflecting evolving market needs and preferences.
Understanding the Consumer: Attitude and Behavior Analysis
A section dedicated to consumer attitude and behaviour offers an in-depth perspective on the sociodemographic divides impacting financial decisions in Nigeria. Insights are distilled by age, income, and gender, reflecting nuanced consumer behaviour within the financial market.
It provides a comprehensive, data-centric look into an emerging and fast-evolving sector of the Nigerian economy. With its pulse on the future of alternative finance, this publication signifies a pivotal touchstone for understanding and navigating Nigeria’s alternative lending market growth trajectory and opportunities.
| Report Attribute | Details |
| No. of Pages | 164 |
| Forecast Period | 2023 – 2027 |
| Estimated Market Value (USD) in 2023 | $212.9 Million |
| Forecasted Market Value (USD) by 2027 | $560.4 Million |
| Compound Annual Growth Rate | 27.4% |
| Regions Covered | Nigeria |
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