Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Rwanda
RWAFCRODMFANUM • 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 borrowers from all microfinance institutions (MFIs) per 1,000 adults in Rwanda. It provides insight into the use of financial services and access to credit 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, Borrowers from All Microfinance Institutions (MFIs) Per 1,000 Adults for Rwanda' series tracks the reach and utilization of microfinance services in Rwanda. It is a key indicator of financial inclusion and the development of the country's microfinance sector.
Methodology
The data is collected through surveys and reporting by microfinance institutions operating in Rwanda.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts assessing financial access and inclusion in the Rwandan market.
Key Facts
- Rwanda has a population of over 12 million people.
- Microfinance institutions serve over 1 million borrowers in Rwanda.
- The number of borrowers per 1,000 adults is a key metric of financial access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from all microfinance institutions (MFIs) per 1,000 adults in Rwanda. It provides insight into the use of financial services and access to credit within the Rwandan population.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial analysts assessing financial access and inclusion in the Rwandan market. It is a key indicator of the development and reach of the country's microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by microfinance institutions operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor and promote financial inclusion in Rwanda, as well as by economists and analysts to assess the country's economic development and the performance of the microfinance industry.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by microfinance institutions, and the coverage and accuracy of the information can vary depending on the completeness of the reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1,000 Adults for Rwanda (RWAFCRODMFANUM), retrieved from FRED.