Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire
CIVFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520,721,000,000.00
Year-over-Year Change
1727.09%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend tracks the outstanding loans at deposit-taking microfinance institutions (MFIs) in Cote d'Ivoire. It provides insights into the availability and usage of financial services in the country's microfinance sector.
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 outstanding loans at deposit-taking MFIs in Cote d'Ivoire represent the total value of loans extended by these institutions to individuals and small businesses. This metric is a key indicator of financial inclusion and the depth of microfinance services within the country's economy.
Methodology
The data is collected and reported by the Central Bank of Cote d'Ivoire.
Historical Context
Policymakers and analysts use this trend to assess the development and accessibility of microfinance services, which are crucial for financial inclusion and economic growth.
Key Facts
- Cote d'Ivoire has a large and growing microfinance sector.
- Outstanding loans at deposit-taking MFIs in Cote d'Ivoire exceeded $1 billion in 2021.
- The microfinance industry in Cote d'Ivoire serves over 2 million clients.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Cote d'Ivoire. It provides insights into the availability and usage of microfinance services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing financial inclusion and the development of the microfinance sector in Cote d'Ivoire, which are crucial for supporting economic growth and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the accessibility and utilization of microfinance services, which inform policies and programs aimed at promoting financial inclusion and supporting small businesses and entrepreneurs.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive view of the outstanding loans at deposit-taking MFIs in Cote d'Ivoire.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Cote d'Ivoire (CIVFCSODMFXDC), retrieved from FRED.