Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Congo
CODFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,307,000,000.00
Year-over-Year Change
-29.64%
Date Range
1/1/2013 - 1/1/2015
Summary
This economic trend measures outstanding loans at non-deposit taking microfinance institutions (MFIs) in the Democratic Republic of the Congo. It provides insights into the accessibility and utilization of financial services in the country's microfinance sector.
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 outstanding loans metric tracks the total value of loans extended by MFIs that do not accept deposits in the Congo. This data point is used to analyze the reach and impact of microfinance initiatives aimed at expanding financial inclusion and supporting small businesses and individuals.
Methodology
The data is collected through surveys and reporting from registered non-deposit taking MFIs operating in the Democratic Republic of the Congo.
Historical Context
Policymakers and development organizations use this metric to evaluate the growth and effectiveness of the microfinance industry in expanding access to credit in the Congolese market.
Key Facts
- The Congo has over 100 registered non-deposit taking MFIs.
- Outstanding MFI loans in the Congo totaled $400 million in 2021.
- MFIs serve over 1 million clients in the Democratic Republic of the Congo.
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 the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the reach and impact of microfinance initiatives aimed at expanding financial inclusion and supporting small businesses and individuals in the Congolese market.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from registered non-deposit taking MFIs operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to evaluate the growth and effectiveness of the microfinance industry in expanding access to credit in the Congolese market.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from MFIs and limited coverage of informal or unregistered microfinance providers.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Congo (CODFCSMMFXDC), retrieved from FRED.