Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCBMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
620.00%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of branch locations, excluding headquarters, for microfinance institutions (MFIs) in Benin that do not accept deposits. It provides insight into the geographical outreach and accessibility of non-deposit taking MFIs 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Benin data series tracks the branch network expansion of MFIs that focus on lending without deposit-taking in Benin. This metric is used to assess the accessibility and scale of financial services provided by these institutions.
Methodology
The data is collected by surveying and aggregating information on branch locations from non-deposit taking MFIs operating in Benin.
Historical Context
This trend is relevant for analyzing the growth and penetration of microfinance services in Benin's financial markets.
Key Facts
- Benin had 302 non-deposit taking MFI branches in 2021.
- Branch network grew by 7.5% annually from 2016 to 2021.
- Ouémé department has the most non-deposit taking MFI branches.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for microfinance institutions (MFIs) in Benin that do not accept deposits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the geographical outreach and accessibility of non-deposit taking MFIs in Benin, which is important for assessing the growth and penetration of microfinance services in the country.
Q: How is this data collected or calculated?
A: The data is collected by surveying and aggregating information on branch locations from non-deposit taking MFIs operating in Benin.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to analyze the expansion of microfinance services and financial inclusion in Benin's economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the coverage of non-deposit taking MFIs may not be comprehensive.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Benin (BENFCBMFNNUM), retrieved from FRED.