Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCAOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at non-deposit taking microfinance institutions (MFIs) in Rwanda. It provides insights into financial inclusion and access to formal banking 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 Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda indicator tracks the number of deposit accounts held at MFIs that do not take deposits in the Rwandan market. This data point is used to assess the reach and utilization of formal financial services, particularly among underserved populations.
Methodology
The data is collected through surveys and reporting from microfinance institutions in Rwanda.
Historical Context
Policymakers and financial sector analysts use this metric to monitor financial inclusion and inform policies that promote access to banking services.
Key Facts
- Rwanda has a population of over 12 million people.
- The Rwandan government has prioritized financial inclusion as a key development goal.
- Microfinance institutions play a vital role in expanding access to financial services in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at non-deposit taking microfinance institutions (MFIs) in Rwanda. It provides insights into financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the reach and utilization of formal financial services, particularly among underserved populations in Rwanda. It informs policymakers and financial sector analysts on the state of financial inclusion in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from microfinance institutions in Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this metric to monitor financial inclusion and inform policies that promote access to banking services in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations in coverage depending on the reporting practices of microfinance institutions in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCAOFMFNNUM), retrieved from FRED.