The company “House money”, which according to “Expert RA” is the market leader in microfinance, has described private investor in microfinance institutions, conducted a survey among the customers and analysis of the investment portfolio. These “house money” is consistent with conclusions of MFIs “Bystrodengi”, one of the leading companies, according to “Expert RA”, in the segment of “payday loans” (short loans for a period of two weeks to a month).
According to “Home money” and “Bestriding”, investors in microfinance institutions is dominated by men (83%) of residents of Moscow and Moscow region (65%). If in 2015, 45% of them were financiers, now their share dropped to 25%. But it became more business owners: last year the figure was 10%, this year — 34%. In the IT and construction companies are working on 8%, medical 6%, in oil sector — 4%.
The average investor age is 43 years. All with higher education. 40% — financial and economic, 35% technical, 8% medical, 7% in law. Favorite sports investors in microfinance institutions, according to the survey “Household money”, are running, soccer, swimming, Biking, and skiing. The most popular fitness club — World Class. Information investors get from the business press and Internet news resources, and prefer to “Vedomosti”, listen to Business FM.
The law “On microfinance activity and microfinance organizations” permits a private person to lend microfinance organization the amount of 1.5 million rubles From “house money” portfolio of such investments in the first quarter of this year was twice more than in the beginning of 2015, reaching nearly 3 billion rubles. the Sum of the contribution of one investor, of whom there are about 300, have increased during this time in half — from 6.2 million to 9.5 million rubles. rubles.
General Director of “Personal Advisor” Natalia Smirnova explains the growing interest of investors attractive rates in conjunction with a simple attachment mechanism. “Investment in microfinance institution similar to a Bank Deposit: it is not necessary to understand the complex schemes, structured products, to invent something, to manage something,” said Smirnov.
Income of the investor is, according to the “Household money”, from 18% to 25% per annum (with possibility of early withdrawal of funds), and the evaluation of Smirnova — up to 30%. For comparison, the maximum interest rate on deposits in rubles of the top ten banks attracting the largest volume of deposits of physical persons, according to the Central Bank, amounted on March 1 this year to 9.8%.
Smirnov recalls the high risks of such investments. Some microfinance institutions insure their liability to investors, that is, in the case of the collapse of the company, people will not return their money even partially. In “House money”, for example, there is no such service, said a company representative Natalia Dokuchaeva. Thus microfinance organization, Smirnov continues, generally give out unsecured loans, and if unemployment gets worse and will lead to a crisis of non-payments, these companies “not last long”. According to Expert RA, as of 1 July last year, half of loans that microfinance institutions have given out to citizens, overdue for more than 30 days.
According to the Central Bank, private investment in microfinance institutions under the loan agreements accounts for only 3% of the total funds. In large companies the proportion can reach 10%, said earlier representatives of the Central Bank. SRO NP “Mir” last year it was estimated the share of private investment in the company that belong to that group, 5.6% (to 1.87 billion rubles). In NP “the World” consists of 420 microfinance institutions, which account for about 60% issued in the country of microloans.