CrowdLending (Business) - Peru | Statista Market Forecast

The total transaction value in the Crowdlending (Business) market market in Peru is forecasted to reach US$165.30k in 2024.
In comparison on a global scale, China is expected to reach the highest transaction value of US$16bn in 2024.
Peru's CrowdLending market is experiencing a surge in investor interest, driven by growing confidence in the country's economic stability and potential for high returns.

Definition:

Crowdlending platforms, otherwise know as lending-based Crowdfunding enable small and medium-sized enterprises to get loans from single or multiple, private and institutional investors via an online brokering platform. On credit platforms such as Funding Circle, OnDeck, Kabbage and Lending Club, businesses can obtain small loans up to a set maximum value. As a rule, financing requests are analyzed by the provider via an internal scoring system and are checked against additional minimum requirements such as turnover. Subsequently, these financing requests can be invested in by private and institutional investors at an appropriate interest rate determined by the credit rating of the company. This makes it possible for SMEs to borrow quickly and easily, as the basic requirements for obtaining finance are more flexible compared to traditional bank loans.

Alternative financing for SMEs and freelancers (bank-independent loans)
Small business loans issued by single or multiple private and institutional investors (non-banks)
Online loan request, scoring and approval

Traditional bank loans
Consumer loans and credit card transactions
Business-to-Business credit scoring and rating services
Online marketplaces for consumer loans (see Marketplace Lending)

The CrowdLending (Business) market in Peru has been experiencing significant growth in recent years.

Customer preferences: Peruvian businesses are increasingly turning to CrowdLending platforms as a source of financing. This is primarily due to the convenience and accessibility offered by these platforms. Businesses can easily apply for loans online, without the need for extensive paperwork or lengthy approval processes. Additionally, CrowdLending platforms often provide competitive interest rates and flexible repayment terms, making them an attractive option for businesses in need of capital.

Trends in the market: One of the key trends in the CrowdLending (Business) market in Peru is the emergence of specialized platforms catering to specific industries. These platforms understand the unique needs and challenges faced by businesses in certain sectors and tailor their offerings accordingly. For example, there are now CrowdLending platforms that focus specifically on financing agriculture projects or supporting small and medium-sized enterprises (SMEs). This trend reflects the growing recognition of the importance of industry-specific knowledge and expertise in the lending process. Another trend in the market is the increasing use of technology and data analytics to assess creditworthiness. CrowdLending platforms in Peru are leveraging advanced algorithms and machine learning to analyze a wide range of data points and make more accurate lending decisions. This not only speeds up the loan approval process but also allows for a more inclusive approach to lending, as businesses with limited credit history or collateral can still be evaluated based on other factors such as cash flow and market potential.

Local special circumstances: Peru has a vibrant and diverse business landscape, with a large number of small and medium-sized enterprises (SMEs) operating across various sectors. These businesses often face challenges in accessing traditional financing options, such as bank loans, due to stringent requirements and limited collateral. CrowdLending platforms provide an alternative avenue for these businesses to secure much-needed funding and support their growth and expansion plans.

Underlying macroeconomic factors: The growth of the CrowdLending (Business) market in Peru is also influenced by broader macroeconomic factors. Peru has experienced steady economic growth in recent years, supported by a stable political environment and favorable business climate. This has created a conducive environment for entrepreneurship and business development, leading to an increased demand for financing options. Additionally, the COVID-19 pandemic has further highlighted the importance of alternative financing sources, as businesses seek to recover and adapt to the changing market conditions. In conclusion, the CrowdLending (Business) market in Peru is witnessing significant growth, driven by customer preferences for convenience and accessibility, as well as the emergence of specialized platforms and the use of technology in credit assessment. The local business landscape, characterized by a large number of SMEs, further contributes to the demand for CrowdLending services. These trends are supported by favorable macroeconomic conditions, highlighting the importance of alternative financing options in supporting business growth and resilience.

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

Crowdfunding is the collective effort of a large number of individuals who network and pool small amounts of capital to finance a new or existing business venture. Each campaign is set for a goal amount of money and a fixed timeframe, each day is counted down and the money raised will be tallied up for visitors to follow its success. The size of the global crowdfunding market is growing and the largest markets are North America and Asia.