According to reports, the microcredit market in Russia will grow by 15-20% in 2024 RIA News with reference to the calculations of analysts of the online financial platform Webbankir.
According to experts, next year the total microcredit portfolio will reach 480 billion rubles. The main share (65%) will be short-term payday loans and medium-term loans with a maturity of several months.
The growth of the microfinance market is hampered by regulatory measures of the Bank of Russia, in particular restrictions on granting loans to individuals with high debt burdens. However, demand continues due to inflation and the decrease in bank loans.
According to the Central Bank, in the third quarter of 2023, the microcredit portfolio grew by 6% and reached 423 billion rubles. While the share of medium-term loans increased, the share of short-term loans decreased.
Before that, it was known what the Russians were. to take microloans “before payday”.
Earlier Russians were becoming more frequent To sue due to small debts.