Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCRMFNPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-97.21%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the number of individuals in Rwanda who borrow from non-deposit taking microfinance institutions (MFIs). Understanding borrowing patterns from these specialized lenders provides insights into financial inclusion and access to credit for underserved populations.
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 Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda' trend tracks the total number of borrowers from non-bank MFIs in the country. This data point is used by economists and policymakers to assess the reach and impact of microfinance programs targeting low-income and rural communities.
Methodology
The data is collected through surveys and reports from licensed non-deposit taking MFIs operating in Rwanda.
Historical Context
This trend is relevant for evaluating financial inclusion initiatives and informing policies to expand access to credit and banking services.
Key Facts
- Rwanda has over 400 licensed non-deposit taking MFIs.
- Microfinance borrowers account for 12% of the adult population in Rwanda.
- Over 60% of MFI borrowers in Rwanda are women.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Rwanda who borrow from licensed non-deposit taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into financial inclusion and access to credit, especially for underserved populations in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from licensed non-deposit taking MFIs operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate financial inclusion initiatives and inform policies to expand access to credit and banking services.
Q: Are there update delays or limitations?
A: The data may have a lag of several months between the reporting period and public release.
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Use of Financial Services: Number of Depositors at Insurance Corporations for Rwanda
RWAFCDOFIPENUM
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POPTOTRWA647NWDB
Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCRMFNPENUM), retrieved from FRED.