Use of Financial Services: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCDOFMFNSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,352.00
Year-over-Year Change
228.45%
Date Range
1/1/2007 - 1/1/2013
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are non-deposit taking microfinance institution (MFI) depositors in Rwanda. It provides insights into financial inclusion and access to banking services for SMEs, a key driver of economic growth.
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: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda trend tracks the number of SME customers utilizing non-deposit taking MFI banking services. This metric is used to assess financial access and inclusion for a critical segment of the Rwandan economy.
Methodology
The data is collected directly from non-deposit taking MFIs operating in Rwanda.
Historical Context
This trend is relevant for policymakers and financial institutions seeking to expand SME access to banking and credit.
Key Facts
- Rwanda has over 160,000 SME depositors with non-deposit taking MFIs.
- SMEs account for 98% of businesses and 41% of GDP in Rwanda.
- Access to financial services is a key constraint for SME growth in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors with non-deposit taking microfinance institutions (MFIs) in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to banking services for SMEs, a crucial segment driving economic growth in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected directly from non-deposit taking MFIs operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial institutions seeking to expand SME access to banking and credit in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by non-deposit taking MFIs in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCDOFMFNSPENUM), retrieved from FRED.