Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Samoa
WSMFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,370,000.00
Year-over-Year Change
290.50%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Samoa. It provides insight into the level of financial inclusion and access to credit in the Samoan economy.
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 Microfinance Institutions (MFIs) for Samoa trend tracks the total value of loans extended by MFIs, which are a crucial source of financing for individuals and small businesses that may lack access to traditional banking services.
Methodology
The data is collected directly from Samoan microfinance institutions.
Historical Context
This indicator is closely monitored by policymakers and development organizations to assess financial sector development and progress towards financial inclusion goals.
Key Facts
- Samoa has a high rate of microfinance usage compared to other Pacific island nations.
- Outstanding MFI loans in Samoa have grown steadily in recent years.
- Microfinance is a key tool for expanding access to credit in underserved communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by deposit-taking microfinance institutions in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to credit in the Samoan economy, which is crucial for economic development and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected directly from Samoan microfinance institutions.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations closely monitor this indicator to assess progress towards financial inclusion goals and the overall health of Samoa's financial sector.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be lags in reporting from some MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Samoa (WSMFCSODMFXDC), retrieved from FRED.