Microloans provision by type of loan UK 2012-2017

This statistic shows the estimated number of microloans distributed by microfinance institutions (MFIs) in the United Kingdom (UK) from 2012 to 2017, divided by the purpose. Microloans are small financial loans, provided to individuals and in some cases, businesses, with the goal of financing their self-sustainability and investment goals. As data from the 2016-2017 surveyed showed, in 2017, there were over one thousand loans given out for business use in the United Kingdom alone. This marked an increase compared to 2016, at 980 loans.

Total number of microloans distributed in the United Kingdom (UK) from 2012 to 2017, by purpose

Characteristic	Business	Personal
2017	1,074	34,145
2016	980	32,440
2015	6,036	24,554
2014	8,967	20,684
2013*	0	3,769
2012*	0	2,476

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Release date

December 2018

More information

Region

United Kingdom

Survey time period

2012 to 2017

Number of respondents

156 respondents

Special properties

Microcredit institutions

Method of interview

Online survey

Supplementary notes

* Data for business loans for the UK in 2012 and 2013 was collected from a different sample, resulting in figures that could not be displayed in the same statistic.

Additional information added directly by the source: "The 2014-15 EMN-MFC Survey involved a broad range of actors from 22 countries (14 EU Member States). Different regional development paths persist for MFIs in Western and Eastern Europe but also show signs of potential convergence. Microloan providers use a variety of institutional models to operate in heterogeneous legal and regulatory frameworks: survey participants are primarily non-bank financial institutions (60%) and NGOs (31%) but also include other legal forms (i.e. commercial banks, cooperatives/credit unions, government body). The European microcredit sector, as depicted by the 149 surveyed MFIs, is diverse, relatively young and dynamic. The majority of respondents (77%) initiated their microlending activities after 1995. Approximately half of the sample started lending activities between 1995-2004."

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