Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,134,978,700.00
Year-over-Year Change
77.80%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at non-deposit taking microfinance institutions (MFIs) in Benin. It provides insights into the use of financial services and access to credit in the Beninese economy.
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, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Benin indicator tracks the total value of outstanding loans held by MFIs that do not accept deposits in the country. This metric is used to assess financial inclusion and the level of credit access for underserved populations.
Methodology
The data is collected through surveys of registered MFIs in Benin.
Historical Context
Policymakers and financial sector analysts use this indicator to evaluate the development of the microfinance industry and financial deepening in the Beninese economy.
Key Facts
- Benin has over 100 registered non-deposit taking MFIs.
- Outstanding MFI loans account for over 5% of Benin's GDP.
- Microfinance is a key source of credit for small businesses and rural households in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by non-deposit taking microfinance institutions (MFIs) in Benin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into financial inclusion and access to credit for underserved populations in the Beninese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of registered MFIs in Benin.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this indicator to evaluate the development of the microfinance industry and financial deepening in Benin.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting and is limited to registered non-deposit taking MFIs in Benin.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Benin (BENFCSMMFXDC), retrieved from FRED.