Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Burundi
BDIFCRODMFPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,863.00
Year-over-Year Change
697.78%
Date Range
1/1/2007 - 1/1/2020
Summary
This trend measures the number of persons borrowing from deposit-taking microfinance institutions (MFIs) in Burundi. It provides insights into the usage of financial services and access to credit in the country's microfinance sector.
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 'Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Burundi' trend tracks the total number of individuals who have taken out loans from registered microfinance institutions in Burundi. This data point is important for understanding financial inclusion and the reach of the microfinance industry in the country.
Methodology
The data is collected through surveys and reporting from registered deposit-taking microfinance institutions in Burundi.
Historical Context
This trend is relevant for policymakers, development organizations, and financial analysts interested in Burundi's financial sector and microfinance activities.
Key Facts
- Burundi has over 300 registered microfinance institutions.
- Microfinance is a key tool for financial inclusion in Burundi.
- The trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Burundi who have taken out loans from registered deposit-taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to credit in Burundi's microfinance sector, which is important for understanding economic development and poverty alleviation efforts in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from registered deposit-taking microfinance institutions in Burundi.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, development organizations, and financial analysts interested in Burundi's financial sector and microfinance activities.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays from microfinance institutions in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Burundi (BDIFCRODMFPENUM), retrieved from FRED.