Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs for Madagascar
MDGFCRMFSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509.00
Year-over-Year Change
25350.00%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) in Madagascar that borrow from non-deposit taking microfinance institutions (MFIs). It provides insights into financial inclusion and access to credit for SMEs 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 Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar series tracks the number of SMEs that utilize lending services from MFIs that do not accept deposits. This data point is a key indicator of financial access and the role of alternative lenders in supporting small businesses.
Methodology
The data is collected through surveys of microfinance institutions in Madagascar.
Historical Context
This trend is used by policymakers and economists to assess financial inclusion and the state of SME financing in the Malagasy economy.
Key Facts
- Madagascar has over 500,000 SMEs.
- MFIs provide over 40% of SME financing in Madagascar.
- The number of SME borrowers from non-deposit MFIs has grown by 8% annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) in Madagascar that borrow from non-deposit taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to credit for SMEs in Madagascar, which are important for understanding the state of small business financing in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions in Madagascar.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial inclusion and the state of SME financing in the Malagasy economy.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting and may not capture all non-deposit taking MFIs in Madagascar.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs for Madagascar (MDGFCRMFSPENUM), retrieved from FRED.