Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua
NICFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,198,039,400.00
Year-over-Year Change
416.44%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans at non-deposit taking microfinance institutions (MFIs) in Nicaragua. It provides insight into the use of financial services and 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 Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua metric tracks the total value of loans issued by MFIs that do not accept deposits. This data point is a key indicator of financial inclusion and the reach of the microfinance sector.
Methodology
The data is collected by the Central Bank of Nicaragua through surveys of microfinance institutions.
Historical Context
This trend is used by policymakers, development organizations, and financial analysts to assess the growth and impact of the microfinance industry in Nicaragua.
Key Facts
- Nicaragua has one of the largest microfinance sectors in Latin America.
- Outstanding MFI loans were over $800 million as of the latest data.
- Microfinance has expanded access to credit for underserved populations in Nicaragua.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by non-deposit taking microfinance institutions (MFIs) in Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the reach and growth of the microfinance sector, which is an important driver of financial inclusion and access to credit in developing economies like Nicaragua.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions conducted by the Central Bank of Nicaragua.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this data to assess the impact of microfinance programs and inform policies to promote financial inclusion in Nicaragua.
Q: Are there update delays or limitations?
A: The data may have a few months' delay in reporting and does not capture loans from informal or unregistered microfinance providers.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Nicaragua (NICFCSMMFXDC), retrieved from FRED.