Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Gambia, The
GMBFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
801,000,000.00
Year-over-Year Change
765.01%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Gambia. It provides insights into the use of financial services and the state of microcredit 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 outstanding loans at deposit-taking MFIs in Gambia is an important indicator of financial inclusion and the accessibility of credit for individuals and small businesses. It reflects the level of microfinance activity and the ability of MFIs to serve the underbanked population.
Methodology
The data is collected directly from deposit-taking MFIs operating in Gambia.
Historical Context
This trend is relevant for policymakers and development economists interested in monitoring financial sector development and assessing the impact of microfinance initiatives.
Key Facts
- Gambia has a large unbanked population, with only 21% of adults having a bank account.
- Microfinance institutions play a crucial role in providing credit access to small businesses and low-income individuals.
- The outstanding loans at deposit-taking MFIs in Gambia have been growing steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Gambia. It provides insights into the level of microfinance activity and financial inclusion in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, development economists, and financial analysts interested in monitoring financial sector development and the impact of microfinance initiatives in Gambia.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Gambia.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and development institutions to assess the effectiveness of microfinance programs and inform policies aimed at improving financial inclusion in Gambia.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in reporting from the MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Gambia, The (GMBFCSODMFXDC), retrieved from FRED.