Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCNODMFSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,052.00
Year-over-Year Change
6868.52%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts for small and medium enterprises (SMEs) at deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into the use of financial services by SMEs, a key driver of economic growth.
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 Loan Accounts for SMEs at Deposit Taking MFIs for Madagascar metric tracks the level of financial inclusion and access to credit for small businesses in the country. It is an important indicator of the development and penetration of microfinance services targeting the SME segment.
Methodology
The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Historical Context
This trend is used by policymakers, development institutions, and researchers to assess financial inclusion and support for small businesses in the Malagasy economy.
Key Facts
- Madagascar has over 250 deposit-taking MFIs.
- SMEs account for 98% of all enterprises in Madagascar.
- Access to finance is a top constraint for Malagasy SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by small and medium enterprises (SMEs) 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 access to credit for small businesses, which are critical for economic growth and development in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers, development institutions, and researchers use this trend to assess financial inclusion and support for small businesses in the Malagasy economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and potential coverage limitations of the MFI sector in Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCNODMFSNUM), retrieved from FRED.