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 Intelligence
- Economic Indicators
- Industry Attractiveness Analysis
- Strategic Segmentation Analysis
- Growth Projections
- Loan Type Analysis
- Consumer Attitude and Behaviour Analysis
Key Attributes:
| 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 |
Scope
Nigeria Alternative Lending Market Size and Forecast by Loan Types
- B2C Loans
- Personal Loan
- Payroll Advance
- Home Improvement
- Education/Student Loans
- Point of Sale
- Auto Loans
- Medical Loans
- B2B Loans
- Lines of Credit
- Merchant Cash Advance
- Invoice Factoring
- Revenue Financing
Nigeria Alternative Lending Analysis by Consumer Attitude and Behaviour
- By Age
- By Income
- Gender
Nigeria Economic Indicators
- Gross Domestic Product at Current Prices
- Population
- Unbanked Population
- Unemployment Rate
- Loan Default Rate
Nigeria Alternative Lending Market Size and Forecast
- Transaction Value
- Average Transaction Value
- Transaction Volume
Nigeria Alternative Lending Market Size and Forecast by End User
- End User – Business
- End User – Consumer
Nigeria Alternative Lending Market Size and Forecast by Finance Models
- P2P Marketplace Consumer Lending
- P2P Marketplace Business Lending
- P2P Marketplace Property Lending
- Balance Sheet Consumer Lending
- Balance Sheet Business Lending
- Balance Sheet Property Lending
- Invoice Trading
- Debt Based Securities
- Equity Based Crowd Funding
- Real Estate Crowd funding
Nigeria Alternative Lending Market Size and Forecast by Payment Instrument – Transaction Value, Volume and Average Value
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- 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
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Source: Yahoo Finance
