Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,282,620,000.00
Year-over-Year Change
50.65%
Date Range
1/1/2013 - 1/1/2014
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in the Russian Federation. It is an important indicator of financial inclusion and the availability of credit for underserved populations.
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 Deposit Taking MFIs for the Russian Federation represents the total value of loans issued by registered MFIs that accept deposits. This metric provides insight into the growth and accessibility of microfinance services, which are crucial for financial inclusion and economic development.
Methodology
The data is collected directly from Russian MFIs and compiled by the Central Bank of the Russian Federation.
Historical Context
Policymakers and financial analysts use this trend to assess the development of the microfinance sector and identify areas for improvement in financial access.
Key Facts
- Microfinance institutions serve over 200 million clients worldwide.
- The Russian microfinance sector has grown rapidly in recent years.
- Expanding microfinance access is a key priority for financial inclusion in emerging economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans issued by deposit-taking microfinance institutions (MFIs) in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the growth and accessibility of microfinance services, which are crucial for promoting financial inclusion and economic development in underserved populations.
Q: How is this data collected or calculated?
A: The data is collected directly from registered MFIs in Russia and compiled by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the development of the microfinance sector and identify areas for improvement in financial access.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Russia, but there may be some delays in reporting from individual MFIs.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCSODMFXDC), retrieved from FRED.