Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Mali
MLIFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
202,236,000,000.00
Year-over-Year Change
201.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding loans at deposit-taking microfinance institutions (MFIs) in Mali. It provides insights into the accessibility and usage of financial services in the country's microfinance sector.
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 at Deposit Taking Microfinance Institutions (MFIs) for Mali trend tracks the total value of loans extended by MFIs in Mali. This metric is a key indicator of financial inclusion and the role of microfinance in supporting economic development.
Methodology
The data is collected directly from deposit-taking MFIs operating in Mali.
Historical Context
Policymakers and financial sector analysts use this trend to assess the growth and reach of microfinance in Mali.
Key Facts
- Mali has over 90 registered deposit-taking MFIs.
- Microfinance loans comprise nearly 20% of Mali's total financial sector assets.
- The microfinance industry in Mali has grown by over 10% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by deposit-taking microfinance institutions (MFIs) in Mali.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the accessibility and usage of financial services through the microfinance sector in Mali, which is an important 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 financial sector analysts use this trend to assess the growth and reach of microfinance in Mali, which informs policies and programs aimed at promoting financial inclusion and supporting economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all deposit-taking MFIs operating in Mali.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Mali (MLIFCSODMFXDC), retrieved from FRED.