Use of Financial Services Number of Borrowers, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs), of which: Households, Persons for Madagascar
MDGFCRODMFHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236,866.00
Year-over-Year Change
168.39%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of borrowers from deposit-taking microfinance institutions (MFIs) in Madagascar, with a focus on household borrowers. It provides insights into financial inclusion and access to credit 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 Number of Borrowers, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs), of which: Households, Persons for Madagascar' metric measures the total number of borrowers from MFIs in Madagascar, including the subset of household borrowers. This data point is used by economists and policymakers to assess financial inclusion and credit access, particularly among underserved populations.
Methodology
The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Historical Context
This trend is relevant for understanding financial market development and the effectiveness of policies aimed at expanding credit access in the country.
Key Facts
- Madagascar has over 250 active deposit-taking MFIs.
- Household borrowers account for 65% of total MFI borrowers.
- MFI lending has grown by 12% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of borrowers from deposit-taking microfinance institutions (MFIs) in Madagascar, including the subset of household borrowers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and access to credit, particularly among underserved populations, which is crucial for understanding economic development in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating the effectiveness of policies aimed at expanding credit access and financial inclusion in Madagascar.
Q: Are there update delays or limitations?
A: The data is published with a 6-month lag, and coverage may be limited to formally registered MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services Number of Borrowers, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs), of which: Households, Persons for Madagascar (MDGFCRODMFHPENUM), retrieved from FRED.