Consumer Credit Market Trends in Rapidly Growing Countries

1. Consumer Credit Market Trends
in Rapidly Growing Countries
By: Darin Pastor

2. Consumer Credit Market Trends in Rapidly Growing
Countries
Seasoned finance executive Darin Pastor has been at the helm of Capstone Affluent Strategies,
now part of Capstone Financial Strategies, since 2012. Through Darin Pastor’s work with Capstone
Financial Strategies, he contributes to the firm’s mission to empower economically-underserved
communities through consumer credit lines.

3. Consumer Credit Market Trends in Rapidly Growing
Countries
Consumer credit refers to short-term loans provided to individuals to purchase goods, services, or
refinance debts. As the global middle class grows, more people around the world now have access
to some type of consumer credit.

4. Consumer Credit Market Trends in Rapidly Growing
Countries
According to the most recent study conducted by AMA Research, credit availability and customers
have increased in rapidly industrializing economies such as Brazil and India, which will drive the
consumer credit market expansion by about five percent by 2025.

5. Consumer Credit Market Trends in Rapidly Growing
Countries
A 2019 analysis of the Indian credit market released by the TransUnion CIBIL Industry reported
that Indians are preferring credit cards and personal loans over other secured types of debt.
Likewise, the research agency Nielsen found that the prevalence of online transactions has
increased the popularity of credit and installment loans in the Chinese consumer market.