Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar
MDGFCSMMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,698,959,500.00
Year-over-Year Change
1883.63%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans to households made by non-deposit taking microfinance institutions (MFIs) in Madagascar. It provides insight into the use of financial services and household 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, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar indicator tracks the total value of loans extended by MFIs that do not accept deposits, focusing specifically on loans to individual households. This metric is used to assess financial inclusion and the role of the microfinance sector in providing credit access.
Methodology
The data is collected directly from non-deposit taking MFIs operating in Madagascar.
Historical Context
This indicator is relevant for understanding financial markets, economic development, and social welfare policies in the country.
Key Facts
- Madagascar has over 100 registered MFIs.
- Microfinance loans account for 2% of GDP in Madagascar.
- 91% of Malagasy adults lack access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans made by non-deposit taking microfinance institutions (MFIs) to households in Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into financial inclusion and access to credit for households in Madagascar, which is important for understanding economic development and welfare.
Q: How is this data collected or calculated?
A: The data is collected directly from non-deposit taking MFIs operating in Madagascar.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and financial institutions to assess the role of microfinance in providing credit access and promoting financial inclusion in Madagascar.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the time required for MFIs to report their loan portfolio information.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for Madagascar (MDGFCSMMFHXDC), retrieved from FRED.