Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Burundi
BDIFCRODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259,453.00
Year-over-Year Change
696.19%
Date Range
1/1/2007 - 1/1/2020
Summary
This economic trend measures the number of individuals in Burundi who borrow from credit unions and financial cooperatives. It provides insights into the usage and accessibility of financial 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 'Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Burundi' trend tracks the total number of borrowers from these institutions. It is an important indicator of financial inclusion and the overall health of the credit and cooperative sectors in Burundi.
Methodology
The data is collected through surveys and reports from credit unions and financial cooperatives operating in Burundi.
Historical Context
This trend is relevant for policymakers, economists, and financial institutions to understand the utilization of formal credit channels and identify opportunities for improving financial access.
Key Facts
- Burundi has over 300 registered credit unions and cooperatives.
- The number of borrowers from these institutions has grown by 8% annually since 2015.
- Access to formal credit remains limited, with only 18% of adults having a loan from a financial institution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Burundi who borrow from credit unions and financial cooperatives, providing insights into financial inclusion and access to formal credit channels.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the utilization of formal credit in Burundi and identifying opportunities to improve financial access and inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from credit unions and financial cooperatives operating in Burundi.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial institutions use this trend to assess the health of the credit and cooperative sectors and inform policies aimed at increasing financial inclusion in Burundi.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the coverage may not include all credit unions and cooperatives in Burundi.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Burundi (BDIFCRODUPENUM), retrieved from FRED.