Microfinance institutions see a decline in Russian traditional microcredit demand on the eve of the May holidays. In this respect Wrote Kommersant newspaper. The trend was confirmed to the newspaper by LimeZyme MFI, MoneyMan and other companies, noting a decrease in the number of micro-loan applications by citizens.
For example, LimeZyme announced that 49.4 thousand micro loan applications were made between April 24 and April 30, 2023, which is 6% lower than the period between March 24 and March 30. For comparison, growth was 11% in 2021 compared to the same period.
As the publication noted, early April was one of the busiest seasons for the microfinance segment, with Russians gearing up for a long weekend. An exception was the crisis year of 2022, when the demand for microcredit fell by 35%.
Igor Smirnov, CEO of MCC Creditter, believes that debtor activity has declined due to the tightening of scoring in response to high uncertainty in the economy and the enactment of macroprudential limits that force MFIs to control more carefully. their debtors.
Previously, Russians with an income of less than 30 thousand rubles become The probability of applying for loans to microfinance institutions is gradually decreasing. In January-March 2023, the share of requests reached the minimum level since 2014, or 47.1%. At the same time, the share of applications for microloans from customers from segments with an income of 30-80 thousand rubles. and increased by 80 thousand rubles. It stood at 47.4% and 5.5% respectively in January-March 2023, reaching the maximum since 2014.