In Russia, women are more likely to take out payday loans for larger amounts than men, in the upper range of 25-30 thousand rubles. This rate is 9.6% among Russian women and 8.5% among men. This is stated in a study by online alternative lending service Moneyman.
These types of cash advance loans are often necessary for long-term financial planning and covering targeted expenses.
The average amount requested in the 18-29 age group is 8.4% higher for women. In the 30-39 age segment, the average amount demanded from men is 17.6% higher. In the 40-49 age segment – by 22.3%. In the 50+ age segment – by 26.8%. Accordingly, in all age ranges except the group under 30, there is a superiority in the average amount requested among men using loans.
“This trend is explained by the fact that, on average, men have a higher income level than women. This makes men more confident in their ability to maintain payment discipline. Additionally, microloans are often taken out for urgent or unplanned expenses. “When it comes to families, these issues have historically been handled mostly by men,” commented Alexander Pustovit, CEO of Moneyman.
The proportion of female borrowers with higher education is higher (38% versus 43% among male borrowers); Those whose relationships have the status of official marriage are 41% versus 36% among debtor men.
The service carried out a study based on 300 thousand micro loans in April 2024.
Previously happened It is known how many loans Russians received “on the couch”.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.