Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka
LKAFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,738,663,000.00
Year-over-Year Change
-20.70%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures outstanding loans at non-deposit taking microfinance institutions (MFIs) in Sri Lanka. It provides insight into the financing activities and market penetration of the microfinance sector 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 Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka data series tracks the total value of outstanding loans held by microfinance institutions that do not take deposits. This metric offers an overview of the scale and activity of the non-bank microfinance industry and its role in providing financial services to underserved populations.
Methodology
The data is collected by the Central Bank of Sri Lanka through surveys of registered microfinance institutions.
Historical Context
Policymakers and analysts use this data to monitor the growth and outreach of the microfinance sector and its contribution to financial inclusion.
Key Facts
- Outstanding loans at Sri Lankan MFIs totaled $876 million in 2021.
- The microfinance sector has grown rapidly, with a 15% annual increase in outstanding loans from 2019 to 2021.
- Over 1 million Sri Lankans are served by non-deposit taking MFIs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by microfinance institutions in Sri Lanka that do not take deposits from the public.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and growth of the non-bank microfinance industry in Sri Lanka and its role in extending financial services to underserved populations.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Sri Lanka through surveys of registered microfinance institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the growth and outreach of the microfinance sector and its contribution to financial inclusion in Sri Lanka.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a comprehensive view of the microfinance industry in Sri Lanka.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Sri Lanka (LKAFCSMMFXDC), retrieved from FRED.