Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa
WSMFCSODMFSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,253,000.00
Year-over-Year Change
60.55%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) provided by deposit-taking microfinance institutions (MFIs) in Samoa. It serves as an important indicator of financial inclusion and access to credit for the country's small business sector.
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 to Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa trend provides insights into the availability and utilization of microfinance services for SMEs in the Samoan economy. This data point is crucial for understanding the financial landscape and evaluating the effectiveness of policies aimed at promoting small business development.
Methodology
The data is collected through surveys and reports from deposit-taking MFIs operating in Samoa.
Historical Context
Policymakers and financial institutions use this trend to assess the reach and impact of microfinance programs in supporting the SME sector, which is vital for economic growth and job creation.
Key Facts
- Samoa has a network of 15 deposit-taking MFIs.
- SMEs account for over 60% of Samoa's private sector employment.
- Microfinance loan portfolios in Samoa grew by 8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans provided by deposit-taking microfinance institutions (MFIs) to small and medium enterprises (SMEs) in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding financial inclusion and access to credit for Samoa's small business sector, which is vital for economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from deposit-taking MFIs operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this trend to assess the reach and impact of microfinance programs in supporting the SME sector in Samoa.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately six months, and the coverage may be limited to the formal deposit-taking MFI sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa (WSMFCSODMFSXDC), retrieved from FRED.