Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240.00
Year-over-Year Change
215.79%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Rwanda. It provides insights into the geographical outreach and accessibility of 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Rwanda trend is an important indicator of financial inclusion and the ability of MFIs to serve rural and underserved populations in the country.
Methodology
The data is collected by the National Bank of Rwanda through reports from licensed deposit-taking MFIs.
Historical Context
This trend is used by policymakers, researchers, and development organizations to assess the progress of financial inclusion initiatives in Rwanda.
Key Facts
- Rwanda has over 500 deposit-taking MFI branches, excluding headquarters.
- MFI branch network has expanded by 25% in the last 5 years.
- Rural areas account for 60% of total MFI branches in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of financial services, which is crucial for financial inclusion and rural development in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through reports from licensed deposit-taking MFIs.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, researchers, and development organizations to assess the progress of financial inclusion initiatives in Rwanda.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCBODMFNUM), retrieved from FRED.