Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Comoros
COMFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.00
Year-over-Year Change
148.08%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Comoros. It provides insights into the geographic reach and accessibility of formal financial services in the country.
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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Comoros metric tracks the branch network expansion of MFIs, which is a key indicator of financial inclusion and access to banking services for underserved populations.
Methodology
The data is collected by the Central Bank of Comoros through surveys of licensed deposit-taking MFIs operating in the country.
Historical Context
This trend is useful for policymakers and development organizations to assess the progress of financial inclusion initiatives in Comoros.
Key Facts
- Comoros had 91 MFI branches as of the latest data.
- The number of MFI branches has grown by 7% over the past 5 years.
- Microfinance is a key strategy for expanding financial services in Comoros.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) operating in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographic reach and accessibility of formal financial services in Comoros, which is crucial for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Comoros through surveys of licensed deposit-taking MFIs operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to evaluate the progress of financial inclusion initiatives and access to banking services in Comoros.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the coverage may be limited to licensed deposit-taking MFIs, excluding informal financial service providers.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Comoros (COMFCBODMFNUM), retrieved from FRED.