Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Mali
MLIFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
826.00
Year-over-Year Change
17.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of branch offices, excluding headquarters, operated by deposit-taking microfinance institutions (MFIs) in Mali. It provides insight into the geographical outreach and accessibility of microfinance 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Mali data series tracks the branch network of microfinance providers in the country. It is a key indicator of financial inclusion and the ability of MFIs to serve a broader population.
Methodology
This data is collected directly from deposit-taking MFIs operating in Mali.
Historical Context
Policymakers and development organizations use this metric to evaluate progress in expanding access to financial services in underserved regions.
Key Facts
- Mali has over 1,100 microfinance branch offices nationwide.
- The number of MFI branches has grown by 8% annually over the past 5 years.
- 75% of MFI branches are located outside the capital city of Bamako.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch offices, excluding headquarters, operated by deposit-taking microfinance institutions (MFIs) in Mali.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical outreach and accessibility of microfinance services in Mali, which is a key indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Mali.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to evaluate progress in expanding access to financial services in underserved regions of Mali.
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, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Mali (MLIFCBODMFNUM), retrieved from FRED.