Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Brazil
BRAFCNODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
837.22%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend tracks the number of loan accounts per 1,000 adults with microfinance institutions in Brazil. It provides insight 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: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Brazil' metric measures the penetration of microfinance services in the Brazilian economy. It is a key indicator of financial inclusion and access to credit, particularly for low-income and underbanked individuals.
Methodology
The data is collected and reported by the World Bank's Global Financial Inclusion Database.
Historical Context
This trend is closely monitored by policymakers, economists, and financial sector analysts to assess progress on financial inclusion initiatives.
Key Facts
- Microfinance loan accounts per 1,000 adults in Brazil reached 72.78 in 2017.
- Brazil has one of the largest microfinance sectors in Latin America.
- Microfinance institutions provide crucial credit access to underserved populations in Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts per 1,000 adults held with microfinance institutions in Brazil. It provides insight into financial inclusion and access to credit for underserved populations.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating progress on financial inclusion initiatives and understanding access to credit, particularly for low-income and underbanked individuals in Brazil.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's Global Financial Inclusion Database.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial sector analysts to assess the state of financial inclusion in Brazil and inform related policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent developments in Brazil's microfinance sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Brazil (BRAFCNODMFANUM), retrieved from FRED.