Use of Financial Services, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCSODMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
615,442,763,684.94
Year-over-Year Change
976.49%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans to households by deposit-taking microfinance institutions (MFIs) in Madagascar. It provides insights into the accessibility and utilization of financial services 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, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Madagascar tracks the total value of loans extended by MFIs to individual households in the country. This metric reflects the level of financial inclusion and the role of microfinance in providing credit access to underserved populations.
Methodology
The data is collected through surveys and reporting from licensed deposit-taking MFIs operating in Madagascar.
Historical Context
This trend is used by policymakers, development organizations, and financial analysts to assess the growth and impact of the microfinance sector in Madagascar.
Key Facts
- Madagascar has over 1.2 million active microfinance borrowers.
- Microfinance loans account for 3.5% of total household debt in Madagascar.
- The average microfinance loan size in Madagascar is $200.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to households by deposit-taking microfinance institutions (MFIs) in Madagascar. It reflects the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the growth and impact of the microfinance sector, which is crucial for increasing financial access and supporting economic development in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from licensed deposit-taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial analysts use this trend to assess the state of financial inclusion and the role of microfinance in Madagascar's economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the coverage of MFIs included in the survey may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCSODMFHXDC), retrieved from FRED.