Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCRMFNPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,437.00
Year-over-Year Change
224.61%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of individuals in Madagascar who borrow from non-deposit taking microfinance institutions (MFIs). It provides insights 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 Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar series tracks the total number of borrowers from these specialized MFIs. This metric is used to evaluate the reach and impact of microfinance programs in expanding financial access.
Methodology
The data is collected through surveys and reporting from licensed non-deposit taking MFIs in Madagascar.
Historical Context
This trend is relevant for policymakers and development organizations seeking to promote financial inclusion and understand the microfinance landscape.
Key Facts
- Madagascar has over 1 million microfinance borrowers.
- Microfinance institutions serve 15% of the adult population in Madagascar.
- The average microfinance loan size in Madagascar is $200.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Madagascar who borrow from non-deposit taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to credit in Madagascar, which is important for evaluating the reach and impact of microfinance programs.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from licensed non-deposit taking MFIs in Madagascar.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and development organizations seeking to promote financial inclusion and understand the microfinance landscape in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from the non-deposit taking MFIs in Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCRMFNPENUM), retrieved from FRED.