Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
769,477,025,679.52
Year-over-Year Change
494.43%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into the scale and accessibility of microfinance services in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The outstanding loans at deposit-taking MFIs represent the total value of loans provided by these institutions to their clients in Madagascar. This metric is used to assess the depth and penetration of the microfinance sector, which plays a crucial role in financial inclusion and economic development.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
Policymakers and development organizations use this trend to monitor the growth and impact of the microfinance industry in Madagascar.
Key Facts
- Madagascar has a large unbanked population, making microfinance crucial.
- Microfinance institutions provide access to credit and savings for the underserved.
- The outstanding loans trend reflects the scale and growth of the microfinance sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans provided by deposit-taking microfinance institutions (MFIs) in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the depth and penetration of the microfinance sector in Madagascar, which is crucial for financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to monitor the growth and impact of the microfinance industry in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or reporting by the Central Bank of Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCSODMFXDC), retrieved from FRED.