Use of Financial Services Borrowers: Households Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua
NICFCRMFHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213,514.00
Year-over-Year Change
302.08%
Date Range
1/1/2004 - 1/1/2016
Summary
This trend measures the number of households in Nicaragua that borrow from non-deposit taking microfinance institutions (MFIs). It provides insight into the prevalence of alternative 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 by households is an important indicator of economic development and financial inclusion. This metric specifically tracks borrowing from MFIs, which play a key role in expanding credit access, particularly for underserved populations.
Methodology
The data is collected through surveys of microfinance institutions in Nicaragua.
Historical Context
Policymakers and development organizations use this data to monitor progress in financial sector deepening and inclusive growth.
Key Facts
- Nicaragua has over 100 registered microfinance institutions.
- Microfinance loan portfolios in Nicaragua total over $1 billion.
- Women make up the majority of microfinance borrowers in Nicaragua.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of households in Nicaragua that borrow from non-deposit taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the prevalence of alternative financial services and financial inclusion in Nicaragua, which is important for economic development and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions operating in Nicaragua.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this data to monitor progress in financial sector deepening and inclusive growth in Nicaragua.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey methods of the microfinance institutions in Nicaragua.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua (NICFCRMFHPENUM), retrieved from FRED.