Use of Financial Services: Number of Loan Accounts at Deposit Taking Microfinance Institutions (MFIs) for Mali
MLIFCNODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191,458.00
Year-over-Year Change
-22.18%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts at deposit-taking microfinance institutions (MFIs) in Mali. It provides insight into the level of financial inclusion and access to credit for underserved populations.
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 Loan Accounts at Deposit Taking Microfinance Institutions (MFIs) for Mali tracks the total number of outstanding loan accounts held by individuals and businesses at MFIs operating in the country. This metric is used by policymakers and development organizations to assess progress in expanding financial access and inclusion.
Methodology
The data is collected through surveys of registered deposit-taking MFIs in Mali.
Historical Context
This trend is relevant for evaluating the development of Mali's microfinance sector and financial inclusion initiatives.
Key Facts
- Mali has over 150 registered deposit-taking microfinance institutions.
- Microfinance loans account for over 10% of total bank lending in Mali.
- The number of MFI loan accounts has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of outstanding loan accounts held by individuals and businesses at deposit-taking microfinance institutions (MFIs) operating in Mali.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit for underserved populations in Mali, which is a key development priority.
Q: How is this data collected or calculated?
A: The data is collected through surveys of registered deposit-taking MFIs in Mali.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to evaluate progress in expanding financial access and inclusion in Mali's economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a 3-month lag.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations, Deposit Taking Microfinance Institutions (MFIs) for Mali
MLIFCIODMFNUM
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Mali
MLIFCDODCSPENUM
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Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Mali
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Value of Exports to Mali from Washington
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U.S. Imports of Goods by Customs Basis from Mali
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Deposit Taking Microfinance Institutions (MFIs) for Mali (MLIFCNODMFNUM), retrieved from FRED.