Use of Financial Services, Assets: Outstanding Loans to Households at Deposit Taking Microfinance Institutions (MFIs) for Mozambique
MOZFCSODMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,223,448,143.17
Year-over-Year Change
1711.45%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the outstanding loans to households from deposit-taking microfinance institutions (MFIs) in Mozambique. It provides insights into the availability and usage of financial services among households 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 Mozambique trend represents the total value of loans extended by MFIs to households. This metric is a key indicator of financial inclusion and the role of microfinance in providing access to credit for underserved populations.
Methodology
The data is collected and reported by the Mozambican central bank and other regulatory authorities.
Historical Context
This trend is relevant for policymakers and analysts assessing the development of Mozambique's financial sector and the effectiveness of financial inclusion initiatives.
Key Facts
- Mozambique has a large unbanked population, with only 40% of adults having access to formal financial services.
- Microfinance institutions play a crucial role in providing credit to low-income households in the country.
- Outstanding loans from MFIs to households in Mozambique totaled $130 million in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans to households from deposit-taking microfinance institutions (MFIs) in Mozambique.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of microfinance in promoting financial inclusion and access to credit for underserved populations in Mozambique.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Mozambican central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development of Mozambique's financial sector and the effectiveness of financial inclusion initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in coverage or reporting consistency across different microfinance institutions.
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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 Mozambique (MOZFCSODMFHXDC), retrieved from FRED.