Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic
LAOFCNMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,200.00
Year-over-Year Change
-30.68%
Date Range
1/1/2009 - 1/1/2012
Summary
This economic trend measures the number of loan accounts at non-deposit taking microfinance institutions (MFIs) in Lao People's Democratic Republic. It provides insight into the reach and utilization of microfinance 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 number of loan accounts at non-deposit taking MFIs is an important indicator of financial inclusion and the accessibility of credit for underserved populations in Lao PDR. Economists and policymakers use this data to evaluate the growth and impact of the microfinance sector.
Methodology
The data is collected directly from microfinance institutions and aggregated by the central bank.
Historical Context
This trend is relevant for understanding financial market development and assessing the efficacy of policies aimed at expanding access to credit.
Key Facts
- Lao PDR has over 100 registered microfinance institutions.
- Microfinance loan accounts grew by 15% annually from 2015-2020.
- 53% of loan accounts are held by women in Lao PDR.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts at non-deposit taking microfinance institutions (MFIs) in Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the accessibility and utilization of microfinance services, which is an important indicator of financial inclusion and economic development in Lao PDR.
Q: How is this data collected or calculated?
A: The data is collected directly from microfinance institutions and aggregated by the central bank of Lao PDR.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the growth and impact of the microfinance sector, and to assess the effectiveness of policies aimed at expanding access to credit.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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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 Lao People's Democratic Republic (LAOFCNMFNNUM), retrieved from FRED.