Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Congo
CODFCBMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-60.00%
Date Range
1/1/2011 - 1/1/2015
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Congo' measures the geographic reach of microfinance services in the Democratic Republic of the Congo.
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
This indicator tracks the number of branch locations, excluding headquarters, operated by non-deposit taking microfinance institutions in the DRC. It provides insight into the expansion and accessibility of microfinance services for underserved populations.
Methodology
The data is collected directly from microfinance institutions operating in the Democratic Republic of the Congo.
Historical Context
This metric informs policymakers and development organizations about the level of financial inclusion in the Congolese economy.
Key Facts
- Congo has over 200 active microfinance institutions.
- Less than 10% of the Congolese population has access to formal financial services.
- Microfinance plays a vital role in providing credit to small businesses and low-income households.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of branch locations, excluding headquarters, operated by non-deposit taking microfinance institutions in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the expansion and accessibility of microfinance services, which are crucial for financial inclusion and economic development in the Congolese economy.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions operating in the Democratic Republic of the Congo.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and development organizations about the level of financial inclusion in the Congolese economy, helping to guide policies and initiatives aimed at expanding access to financial services.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or inconsistencies due to the decentralized nature of the microfinance sector in the DRC.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Non-deposit Taking Microfinance Institutions (MFIs) for Congo (CODFCBMFNNUM), retrieved from FRED.