Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Burundi
BDIFCLOFMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2007 - 1/1/2016
Summary
This economic trend measures outstanding deposits at non-deposit taking microfinance institutions (MFIs) in Burundi, providing insights into the use of financial services and microfinance activity 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 deposits at non-deposit taking MFIs in Burundi represent the total value of funds held by these institutions, which play a crucial role in financial inclusion and access to credit for underserved populations.
Methodology
The data is collected through surveys and reporting from non-deposit taking MFIs in Burundi.
Historical Context
This trend is relevant for policymakers and analysts studying financial sector development and microfinance in Burundi.
Key Facts
- Burundi has a large unbanked population, with only 12% of adults having a formal bank account.
- Microfinance institutions play a vital role in providing financial services to rural and low-income communities in Burundi.
- Outstanding deposits at non-deposit taking MFIs in Burundi have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at non-deposit taking microfinance institutions (MFIs) in Burundi, providing insights into the use of financial services and microfinance activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts studying financial sector development and financial inclusion in Burundi, as it provides insights into the role of microfinance institutions in providing access to financial services for underserved populations.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from non-deposit taking MFIs in Burundi.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor the growth and impact of the microfinance sector in Burundi, and to inform policies and programs aimed at promoting financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations due to the diverse nature of the non-deposit taking MFI sector in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Burundi (BDIFCLOFMFXDC), retrieved from FRED.