In May 2024, Russian microfinance organizations provided loans in the amount of 81.4 billion rubles and signed 6.34 million contracts. This is a record volume of loans in a year and a half. Experts attribute this to the activity of borrowers, including those whose salaries have increased sharply. RBC writes about this with reference to the Scoring Bureau.
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At the same time, according to the National Bureau of Credit History (NBKI), in May Russian citizens took out 3.4 million loans worth 44.6 billion rubles.
According to Nikita Kotochigov, head of business development at MigCredit MFC, companies want to “breathe” and attract more clients in anticipation of stricter regulation.
He also recalled that as of July 1, the conditions for calculating the debt load indicator (DLI) of potential borrowers for these organizations will change. Businesses will need to request information about a customer’s financial burden from all qualified credit bureaus, not just one.
Two years ago, new rules for microfinance organizations in granting loans came into force. The ratio of loans to borrowers with a debt load of more than 80% should not exceed 30%, the maximum permissible rate for loans cannot exceed 0.8% per day.
Author:
Karina Pardaeva
Source: RB
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