Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua
NICFCRMFNPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
600,393.00
Year-over-Year Change
60.35%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of persons borrowing from non-deposit taking microfinance institutions (MFIs) in Nicaragua. It provides insights into the usage and 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 Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua' trend tracks the total number of individuals obtaining loans from MFIs that do not accept deposits in the Nicaraguan market. This data point is used by economists and policymakers to assess financial inclusion and the reach of alternative lending sources.
Methodology
The data is collected through surveys and reporting from microfinance institutions in Nicaragua.
Historical Context
This trend is relevant for understanding financial access and assessing the impact of microfinance initiatives in the Nicaraguan economy.
Key Facts
- Nicaragua had over 300,000 microfinance borrowers as of 2020.
- Microfinance is a key source of credit for underserved populations in Nicaragua.
- The microfinance sector in Nicaragua has grown rapidly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals borrowing from non-deposit taking microfinance institutions (MFIs) in Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into financial inclusion and access to alternative credit sources in the Nicaraguan economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from microfinance institutions operating in Nicaragua.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the impact of microfinance initiatives and financial inclusion programs in Nicaragua.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from microfinance institutions, and may not capture all informal lending activity.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua (NICFCRMFNPENUM), retrieved from FRED.