Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCNMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-97.21%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the number of loan accounts at non-deposit taking microfinance institutions (MFIs) in Rwanda. It provides insight into the reach and usage of microfinance 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 number of loan accounts at non-deposit taking MFIs is an indicator of financial inclusion and access to credit for underserved populations in Rwanda. Policymakers and researchers use this data to assess the growth and performance of the microfinance sector.
Methodology
The data is collected through surveys of non-deposit taking MFIs operating in Rwanda.
Historical Context
This trend is relevant for understanding financial market development and the impact of microfinance initiatives in Rwanda.
Key Facts
- Rwanda had over 300,000 loan accounts at non-deposit taking MFIs in 2021.
- Microfinance institutions provide critical access to credit for low-income populations in Rwanda.
- The number of loan accounts has grown steadily in Rwanda over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts at non-deposit taking microfinance institutions (MFIs) operating in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into financial inclusion and access to credit for underserved populations in Rwanda, which is important for policymakers and researchers studying the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-deposit taking MFIs operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the growth and performance of the microfinance sector and its impact on financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to periodic update delays, and it only captures loan accounts at non-deposit taking MFIs, not the broader microfinance market in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCNMFNNUM), retrieved from FRED.