Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCSMMFSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,315,000,000.00
Year-over-Year Change
770.31%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) by non-deposit taking microfinance institutions (MFIs) in Guinea. It provides insights into the availability of financing for smaller businesses 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, Assets: Outstanding Loans to Small and Medium Enterprises at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea trend tracks the volume of credit extended by MFIs to SMEs in the country. This metric is important for understanding the level of financial inclusion and access to capital for smaller enterprises.
Methodology
The data is collected through surveys of non-deposit taking MFIs operating in Guinea.
Historical Context
This trend is used by policymakers and development organizations to assess the state of SME financing and inform policies to promote financial inclusion.
Key Facts
- Guinea has over 100 registered MFIs.
- SMEs account for 90% of businesses in Guinea.
- Access to credit is a major constraint for SMEs in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans provided by non-deposit taking microfinance institutions (MFIs) to small and medium enterprises (SMEs) in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to capital for smaller businesses in Guinea, which is crucial for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-deposit taking MFIs operating in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to assess the state of SME financing and inform policies to promote financial inclusion in Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting by MFIs and could be limited by the coverage and accuracy of the survey responses.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea (GINFCSMMFSXDC), retrieved from FRED.