Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Rwanda
RWAFCRMPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
649.00
Year-over-Year Change
484.68%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the use of financial services by borrowers in Rwanda, specifically individuals who borrow from non-bank financial intermediaries. It provides insights into the depth and accessibility of the country's financial system.
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 Borrowers: Persons Borrowing from Other Financial Intermediaries for Rwanda' metric tracks the percentage of the adult population in Rwanda who have taken out loans from financial institutions other than commercial banks, such as microfinance institutions and other non-bank lenders. This data point is crucial for understanding financial inclusion and the development of Rwanda's broader financial sector.
Methodology
The data is collected through household surveys conducted by the National Institute of Statistics of Rwanda.
Historical Context
This trend is relevant for policymakers and financial regulators seeking to expand access to credit and promote financial stability in the Rwandan economy.
Key Facts
- Rwanda's financial inclusion rate was 68% in 2020.
- Borrowing from non-bank financial intermediaries accounts for 20% of total loans in Rwanda.
- The Rwandan government has prioritized expanding access to credit as part of its financial sector development strategy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of adults in Rwanda who have borrowed from non-bank financial institutions, such as microfinance providers and other intermediaries.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the depth and accessibility of Rwanda's financial system, which is important for understanding financial inclusion and the development of the broader financial sector.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Institute of Statistics of Rwanda.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial regulators seeking to expand access to credit and promote financial stability in the Rwandan economy.
Q: Are there update delays or limitations?
A: The data may be subject to survey collection and reporting delays, and may not capture all informal financial activities in the Rwandan economy.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Rwanda (RWAFCRMPENUM), retrieved from FRED.