Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCDODMFSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,998.00
Year-over-Year Change
1525.23%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into financial inclusion and the use of formal banking services by SMEs 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: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Madagascar' series tracks the number of SME depositors at MFIs in Madagascar. This data point is important for understanding financial access and the role of microfinance in supporting small businesses.
Methodology
The data is collected by the Central Bank of Madagascar through its supervision of the microfinance sector.
Historical Context
Policymakers and development organizations use this metric to assess financial inclusion and the effectiveness of initiatives to expand SME access to formal banking services.
Key Facts
- Madagascar has over 250 active deposit-taking microfinance institutions.
- SMEs account for over 60% of depositors at Malagasy MFIs.
- The number of SME depositors has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at deposit-taking microfinance institutions (MFIs) in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the role of microfinance in supporting SME access to formal banking services in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Madagascar through its supervision of the microfinance sector.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to assess financial inclusion initiatives and the effectiveness of expanding SME access to formal banking.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCDODMFSPENUM), retrieved from FRED.