Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Comoros
COMFCRODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.58
Year-over-Year Change
141.90%
Date Range
1/1/2010 - 1/1/2014
Summary
This indicator tracks the number of borrowers from microfinance institutions (MFIs) per 1,000 adults in Comoros. It provides insight into the accessibility and use of 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 'Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults' metric measures financial inclusion by quantifying the reach of microfinance providers. It is a key indicator of how well the population is accessing essential banking and credit services.
Methodology
This data is collected and reported by the World Bank, based on surveys of financial institutions.
Historical Context
Policymakers and development organizations use this metric to assess progress towards financial inclusion goals.
Key Facts
- Comoros had 52.56 microfinance borrowers per 1,000 adults in 2020.
- Financial inclusion is a key priority for economic growth in Comoros.
- Microfinance has expanded access to credit for underserved populations in Comoros.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of borrowers from microfinance institutions (MFIs) per 1,000 adults in Comoros, providing insight into financial inclusion and access to essential banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing progress towards financial inclusion goals and understanding how well the population in Comoros is accessing critical banking and credit services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on surveys of financial institutions operating in Comoros.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this indicator to evaluate the effectiveness of efforts to expand access to financial services and promote financial inclusion in Comoros.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the survey methodology could vary across countries, potentially limiting direct cross-country comparisons.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Comoros (COMFCRODMFANUM), retrieved from FRED.