The global microfinance market is projected to exhibit a significant growth, at a CAGR of around 14.8%, during the forecast period. COVID-19 has posed major setbacks for the global microfinance market. Microfinance industry has experienced crisis before, such as 2008 Financial crisis; however, at that time, the industry came out effectively and efficiently. Though, the crisis proposed from the outbreak of COVID-19 pandemic is expected to act differently for the microfinance market, as the impact will affect the access to capital.