Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Rwanda
RWAFCNODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.02
Year-over-Year Change
-61.20%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the number of loan accounts with all microfinance institutions (MFIs) per 1,000 adults in Rwanda. It provides insight into the use and accessibility of financial services within the Rwandan population.
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: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Rwanda metric tracks the level of financial inclusion and access to credit in the country. It is an important indicator for policymakers and development organizations seeking to understand financial market penetration and progress towards financial inclusion goals.
Methodology
The data is collected by the Rwandan central bank and other regulatory authorities.
Historical Context
This trend is used to inform economic and financial sector policies aimed at expanding access to credit and formal financial services.
Key Facts
- Rwanda has over 1.5 million loan accounts with MFIs.
- The number of loan accounts per 1,000 adults has grown by 50% in the past decade.
- Microfinance plays a crucial role in expanding financial inclusion in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with all microfinance institutions (MFIs) per 1,000 adults in Rwanda. It provides insight into the use and accessibility of financial services within the Rwandan population.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of financial inclusion and access to credit in Rwanda. It is used by policymakers, development organizations, and analysts to understand progress towards financial sector development goals.
Q: How is this data collected or calculated?
A: The data is collected by the Rwandan central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend informs economic and financial sector policies aimed at expanding access to credit and formal financial services in Rwanda.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Rwanda (RWAFCNODMFANUM), retrieved from FRED.