Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Benin
BENFCRODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.47
Year-over-Year Change
130.78%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of borrowers from all microfinance institutions (MFIs) per 1,000 adults in Benin. It provides insights into the use and access to financial services within 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: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Benin' metric tracks the reach and utilization of microfinance services in Benin. It is a key indicator of financial inclusion and access to credit for underserved populations.
Methodology
This data is collected and reported by the World Bank through surveys and administrative records of microfinance institutions.
Historical Context
Policymakers and financial sector analysts use this metric to evaluate the effectiveness of financial inclusion initiatives and identify areas for improvement.
Key Facts
- Benin's borrowers from MFIs per 1,000 adults was 78.47 in 2019.
- The metric has increased by over 40% since 2010.
- Microfinance is a key tool for promoting financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from all microfinance institutions (MFIs) per 1,000 adults in Benin. It provides insights into the use and access to financial services within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial inclusion and access to credit for underserved populations in Benin. It is used by policymakers and financial sector analysts to evaluate the effectiveness of financial inclusion initiatives.
Q: How is this data collected or calculated?
A: This data is collected and reported by the World Bank through surveys and administrative records of microfinance institutions.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this metric to evaluate the effectiveness of financial inclusion initiatives and identify areas for improvement in Benin.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, but there may be delays in reporting or limitations in data coverage for certain regions or time periods.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Benin (BENFCRODMFANUM), retrieved from FRED.