Nigeria Alternative Lending Business Report 2023: Market is Expected to Grow by 45.2% to Reach $212.9 Million in 2023 – Forecasts to 2028

DUBLIN, Nov. 23, 2023 /PRNewswire/ — 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.

Alternative lending market in Nigeria is expected to grow by 45.2% on an annual basis to reach US$212.9 million in 2023. 

Medium to long term growth story of alternative lending in Nigeria remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.4% during 2023-2027. The alternative lending market in the country will increase from US$146.6 million in 2022 to reach US$560.4 million by 2027.

Embark on a detailed exploration of the alternative lending market with our latest report, dissecting key economic indicators to provide a holistic view of this dynamic landscape. Delve into the alternative lending market’s expansive horizons, from overall market size and forecasts to granular analyses of end-user segments, diverse finance models, and payment instrument intricacies.

This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics. Uncover the multifaceted nature of loans, from personalized B2C offerings like payroll advances to strategic B2B solutions like lines of credit. Complementing these insights, delve into consumer attitudes and behaviors, decoding the impact of age, income, and gender on financial choices.

This report provides a thorough knowledge of alternative lending market dynamics, market size and forecast with more than 75+ KPIs. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.

This report offers a comprehensive insight into the alternative lending market in Nigeria, covering the following key areas:

Comprehensive Market IntelligenceEconomic IndicatorsIndustry Attractiveness AnalysisStrategic Segmentation AnalysisGrowth ProjectionsLoan Type AnalysisConsumer Attitude and Behaviour Analysis

Scope

Nigeria Alternative Lending Market Size and Forecast by Loan Types

B2C LoansPersonal LoanPayroll AdvanceHome ImprovementEducation/Student LoansPoint of SaleAuto LoansMedical LoansB2B LoansLines of CreditMerchant Cash AdvanceInvoice FactoringRevenue Financing

Nigeria Alternative Lending Analysis by Consumer Attitude and Behaviour

By AgeBy IncomeGender

Nigeria Economic Indicators

Gross Domestic Product at Current PricesPopulationUnbanked PopulationUnemployment RateLoan Default Rate

Nigeria Alternative Lending Market Size and Forecast

Transaction ValueAverage Transaction ValueTransaction Volume

Nigeria Alternative Lending Market Size and Forecast by End User

End User – BusinessEnd User – Consumer

Nigeria Alternative Lending Market Size and Forecast by Finance Models

P2P Marketplace Consumer LendingP2P Marketplace Business LendingP2P Marketplace Property LendingBalance Sheet Consumer LendingBalance Sheet Business LendingBalance Sheet Property LendingInvoice TradingDebt Based SecuritiesEquity Based Crowd FundingReal Estate Crowd funding

Nigeria Alternative Lending Market Size and Forecast by Payment Instrument – Transaction Value, Volume and Average Value

CashChequesCredit TransferDirect DebitsDebit CardCredit CardE- Money

Nigeria Alternative Lending Market Size and Forecast by Payment Instrument to Model

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending

CashChequesCredit TransferDirect DebitsDebit CardCredit CardE- Money

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading

Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities

Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding

Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding

For more information about this report visit https://www.researchandmarkets.com/r/16u50h

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