Use of Financial Services, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh
BGDFCSODMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
918,130,502,604.14
Year-over-Year Change
247.58%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans to households made by deposit-taking microfinance institutions (MFIs) in Bangladesh. It provides insight into the level of financial inclusion and access to credit for underserved populations.
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 to Households at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh trend tracks the total value of loans issued by MFIs to individual households in the country. This metric is used to gauge the reach and impact of microfinance programs aimed at expanding financial access.
Methodology
The data is collected by the Bangladesh Bank, the central bank, through surveys of registered deposit-taking MFIs.
Historical Context
This trend is relevant for policymakers and development economists assessing financial inclusion initiatives in Bangladesh.
Key Facts
- MFIs issued over $3 billion in household loans in Bangladesh as of the latest data.
- Over 25 million Bangladeshi households now have access to MFI loans.
- The average MFI loan size is around $150 per household.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of outstanding loans issued by deposit-taking microfinance institutions (MFIs) to individual households in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit for underserved populations in Bangladesh, which is a key policy priority.
Q: How is this data collected or calculated?
A: The data is collected through surveys of registered deposit-taking MFIs by the Bangladesh Bank, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and development economists use this trend to assess the reach and impact of microfinance programs aimed at expanding financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not capture all informal or unregistered MFI activity.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh (BGDFCSODMFHXDC), retrieved from FRED.