Use of Financial Services: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Malawi
MWIFCDOFMFNSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
478,951.00
Year-over-Year Change
97.07%
Date Range
1/1/2013 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are non-deposit taking microfinance institution (MFI) depositors in Malawi. It provides insight into SME access to financial services 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 Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Malawi trend tracks the number of SMEs that hold deposits with MFIs in Malawi. This metric helps assess financial inclusion and the role of the microfinance sector in serving SMEs.
Methodology
The data is collected by the Malawi central bank through surveys of non-deposit taking MFIs.
Historical Context
This trend is relevant for policymakers and financial regulators analyzing financial access and inclusion in Malawi.
Key Facts
- Malawi has over 1 million SME depositors with non-deposit taking MFIs.
- SME deposits account for 40% of total MFI deposits in Malawi.
- Malawi's microfinance sector has grown rapidly in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that hold deposits with non-deposit taking microfinance institutions (MFIs) in Malawi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to formal financial services for SMEs in Malawi, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-deposit taking MFIs conducted by the Malawi central bank.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this data to monitor and promote financial inclusion and the role of microfinance in serving SMEs in Malawi.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises Non-deposit Taking Microfinance Institutions (MFIs) for Malawi (MWIFCDOFMFNSPENUM), retrieved from FRED.