Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Comoros
COMFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,022,999,820.00
Year-over-Year Change
346.83%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Comoros. 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 Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Comoros trend represents the total value of loans outstanding from deposit-taking MFIs in Comoros. This metric is used by economists and policymakers to assess financial inclusion and the development of the microfinance industry.
Methodology
The data is collected directly from deposit-taking MFIs operating in Comoros.
Historical Context
This trend is relevant for understanding access to credit and financial services, particularly for underserved populations, in the Comorian economy.
Key Facts
- Comoros has a population of over 850,000 people.
- Microfinance plays a key role in financial inclusion in Comoros.
- Loan values at deposit-taking MFIs provide insights into credit access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans at deposit-taking microfinance institutions (MFIs) in Comoros.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and the development of the microfinance sector in Comoros, which is important for understanding access to credit and other financial services.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Comoros.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of financial inclusion and the microfinance industry in Comoros, which can inform policies aimed at improving access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by MFIs, and the coverage of deposit-taking institutions may not be comprehensive.
Related Trends
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Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Comoros
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Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Comoros
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Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Comoros
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Comoros (COMFCSODMFXDC), retrieved from FRED.