Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire
CIVFCRODMFPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
329,916.00
Year-over-Year Change
597.10%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of persons borrowing from deposit-taking microfinance institutions (MFIs) in Cote d'Ivoire. It provides insight into financial inclusion and access to credit 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 'Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire' series tracks the total number of individuals who have outstanding loans from regulated microfinance institutions in the country. This metric is used to assess financial accessibility and inclusion within the Ivorian economy.
Methodology
The data is collected through surveys and reports from deposit-taking microfinance institutions operating in Cote d'Ivoire.
Historical Context
This trend is closely monitored by policymakers, development organizations, and financial analysts to gauge progress in expanding access to credit and banking services.
Key Facts
- Cote d'Ivoire has over 150 registered microfinance institutions.
- Microfinance is a key strategy for expanding financial access in the country.
- The number of microfinance borrowers has grown over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Cote d'Ivoire who have outstanding loans from regulated deposit-taking microfinance institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to credit in the Ivorian economy, which is crucial for assessing progress in expanding banking services and promoting economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from deposit-taking microfinance institutions operating in Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts closely monitor this trend to gauge progress in expanding access to credit and banking services in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from microfinance institutions, and the coverage of institutions included in the survey may vary over time.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire (CIVFCRODMFPENUM), retrieved from FRED.