The typical microloan size in Russia at the end of May surpassed 10 thousand rubles, according to a press release from the National Bureau of Credit Histories (NBKI) reported by lenta.ru.
In May, Russians on average received microloans totaling 10.06 thousand rubles, up 0.5% from April. For comparison, May 2023 saw an average of 9.15 thousand rubles. This means the average microcredit size increased by about 9.9% over the year.
Moscow residents led in microloans for May, with an average loan of 12.14 thousand rubles. Nearby, residents of Saint Petersburg registered 11.17 thousand rubles on average, and those in the Moscow region borrowed about 10.92 thousand rubles on average. These regional figures show where the demand for small, quick loans was strongest during the month.
Overall, May results point to a record microloan volume, with total microloans reaching 81.4 billion rubles over a year and a half. Analysts attribute this surge to active borrowing by individuals, including some households that experienced a noticeable rise in income, which appears to have broadened access to small credit options.
Earlier assessments highlighted a seasonal trend: microloans tend to be approved more frequently in Russia during the spring months, as consumer needs and short-term financial demands rise with the changing season.