Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCNMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,570.00
Year-over-Year Change
2820.45%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at non-deposit taking microfinance institutions (MFIs) in Guinea. It provides insight into the accessibility and utilization 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 'Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea' indicator tracks the total number of outstanding loan accounts held with MFIs that do not take deposits in Guinea. This data is used to assess financial inclusion and the development of the microfinance sector.
Methodology
The data is collected through surveys of individual MFIs operating in Guinea.
Historical Context
This trend is relevant for policymakers and analysts studying financial access and the role of microfinance in economic development.
Key Facts
- Guinea had over 1 million loan accounts at non-deposit taking MFIs as of the latest data.
- Microfinance access has expanded significantly in Guinea over the past decade.
- The number of loan accounts reflects the growing role of MFIs in providing financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held with non-deposit taking microfinance institutions (MFIs) in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into financial inclusion and the development of the microfinance sector in Guinea, which is important for understanding economic progress and access to credit.
Q: How is this data collected or calculated?
A: The data is collected through surveys of individual MFIs operating in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess financial access and the role of microfinance in economic development in Guinea.
Q: Are there update delays or limitations?
A: The data may have publication delays, and it only captures loan accounts at non-deposit taking MFIs, not the full microfinance landscape.
Related Trends
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General Government Revenue for Guinea
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Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Guinea
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea (GINFCNMFNNUM), retrieved from FRED.