Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Guinea
GINFCRODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.08
Year-over-Year Change
293.71%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic indicator tracks the number of borrowers from all microfinance institutions (MFIs) per 1,000 adults in Guinea. It provides insight into the reach 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: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults' series measures access to credit and microfinance services in Guinea. It is a key metric for evaluating financial inclusion and the development of the microfinance sector.
Methodology
The data is collected by the World Bank through surveys of microfinance institutions operating in Guinea.
Historical Context
This trend is closely monitored by policymakers, development organizations, and financial analysts to assess progress in expanding access to financial services.
Key Facts
- Guinea had 93 borrowers per 1,000 adults from MFIs in 2020.
- Access to microfinance has grown steadily in Guinea over the past decade.
- Microfinance plays a vital role in providing credit to underserved populations in Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from all microfinance institutions (MFIs) per 1,000 adults in Guinea. It provides insight into the reach and utilization of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key metric for evaluating financial inclusion and the development of the microfinance sector in Guinea. It is closely monitored by policymakers, development organizations, and financial analysts to assess progress in expanding access to credit and other financial services.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of microfinance institutions operating in Guinea.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, development organizations, and financial analysts to assess progress in expanding access to financial services and to inform policies and programs aimed at promoting financial inclusion in Guinea.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage, as the data relies on surveys of microfinance institutions operating in Guinea.
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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 Guinea (GINFCRODMFANUM), retrieved from FRED.