Use of Financial Services Borrowers: Households Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Brazil
BRAFCRMFHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237,438.00
Year-over-Year Change
3421.77%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the use of financial services by Brazilian households who borrow from non-deposit taking microfinance institutions (MFIs). It provides insights into financial inclusion and access to credit in Brazil.
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: Households Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Brazil series tracks the number of Brazilian households that utilize non-traditional financial services, specifically borrowing from MFIs that do not take deposits. This metric is important for understanding financial inclusion and the role of alternative credit providers in the Brazilian economy.
Methodology
The data is collected through surveys and reporting from microfinance institutions in Brazil.
Historical Context
This trend is used by policymakers, researchers, and financial institutions to assess financial access and inclusion in the Brazilian market.
Key Facts
- Brazil has a large microfinance sector serving unbanked populations.
- Households account for the majority of borrowers from non-deposit taking MFIs.
- Financial inclusion is a key policy priority in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of Brazilian households that borrow from non-deposit taking microfinance institutions (MFIs), providing insights into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the role of alternative financial service providers in Brazil and evaluating progress towards financial inclusion goals.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from microfinance institutions operating in Brazil.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and financial institutions use this trend to assess financial access and inclusion in the Brazilian market, informing policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and can be influenced by changes in the microfinance sector and regulatory environment.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Brazil (BRAFCRMFHPENUM), retrieved from FRED.