The Bank of Russia was advised to limit the number of microloans per capita to two or three and control the solvency of borrowers. The relevant initiative was sent to the regulator by the State Duma deputies from the Just Russia faction, the newspaper reported. “News”.
The document has been received and will be evaluated as prescribed, the newspaper at the Central Bank reported.
Member of the fraction, Alexander Aksenenko, noted that at the moment microfinance loans are usually issued without special approval of the solvency of a citizen, and their number per capita is in no way limited.
According to him, only a small percentage of borrowers from microfinance institutions are legal and financially literate, and the rest often take several loans without realizing the risks.
To solve this problem, State Duma deputy Alexander Yakubovsky from the United Russia fraction proposed the creation of a microcredit system based on institutions with the participation of the state, in which the percentage of loans would be significantly reduced. He also stated that the financial literacy of Russians should be improved.
Experts consider this initiative to be correct and justified.
Previously reportedthat low-income Russians’ interest in micro-loans reached a minimum in nine years.
Source: Gazeta
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