Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Rwanda
RWAFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,012,000,000.00
Year-over-Year Change
933.23%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the outstanding loans at deposit-taking microfinance institutions (MFIs) in Rwanda. It provides insights into the lending activity and financial inclusion of the microfinance sector 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, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Rwanda trend tracks the total value of loans issued by microfinance institutions that accept deposits in Rwanda. This metric is used to assess the depth and growth of the microfinance industry and its role in expanding access to financial services.
Methodology
The data is collected directly from deposit-taking MFIs operating in Rwanda.
Historical Context
This trend is relevant for evaluating financial inclusion policies and the performance of the Rwandan microfinance sector.
Key Facts
- Rwanda has over 416,000 active borrowers from microfinance institutions.
- The microfinance sector accounts for 12% of total financial sector assets in Rwanda.
- Outstanding loans at deposit-taking MFIs in Rwanda totaled $235 million as of 2021.
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) operating in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and growth of the microfinance industry in Rwanda, which is an important indicator of financial inclusion and access to credit for underserved populations.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Rwanda.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating the effectiveness of financial inclusion policies and the performance of the Rwandan microfinance sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all deposit-taking MFIs in Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Rwanda (RWAFCSODMFXDC), retrieved from FRED.