Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCSMMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200,736,000,000.00
Year-over-Year Change
57.65%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the outstanding loans at non-deposit taking microfinance institutions (MFIs) in the Russian Federation. It provides insights into the scale and growth of the microfinance sector, which is an important component of financial inclusion and access to credit.
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 MFIs represent the total value of loans provided by these institutions to individuals and small businesses in Russia. This metric is used by economists and policymakers to monitor the development of the microfinance industry and its role in expanding financial services to underserved populations.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This trend is relevant for understanding the depth and penetration of formal financial services in the Russian economy.
Key Facts
- Microfinance institutions provide small loans to individuals and businesses excluded from traditional banking.
- Outstanding loans at Russian MFIs totaled $3.1 billion as of the latest reporting period.
- The microfinance sector in Russia has grown rapidly in recent years, driven by increased financial inclusion efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans provided by non-deposit taking microfinance institutions (MFIs) in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and growth of the microfinance sector in Russia, which is an important component of financial inclusion and access to credit for underserved populations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the development of the microfinance industry and its role in expanding financial services in the Russian economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Russia, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCSMMFXDC), retrieved from FRED.