Moscow. January 27. The share of loans to individuals for urgent needs, the loan portfolio of microfinance institutions (MFIs) “Home money” at the end of 2015 amounted to 66%. For two years (since the beginning of 2013) it increased by 13 percentage points (p. p.), told reporters the chief Executive officer of MFI Andrey Bakhvalov.
“Due to the fall in purchasing power, people started to take more money not to improve the standard of living, but just for current needs,” said Bakhvalov.
The maximum values of the share of loans for current expenses recorded in the North-West Federal district, Moscow and Moscow region: here they exceed 70%.
Decreased the average term of micro-loans: up to 36 weeks in the end of 2015 with 43 weeks in the end of 2014 and 45 weeks in early 2014.
“When a person is deteriorating solvency, it is, of course, is trying to reduce their risks. Because the borrower, oddly enough, looks rather, not on a bet, and the amount of overpayment in real terms. Trying to pay off the debt faster,” Bakhvalov said.
MFIs “Home money” was created in 2007, the beneficiary – Yevgeny Bernshtam. The company operates in 57 regions of the Russian Federation (3,572 thousand towns), its market share is more than 20%.