Thursday, November 17, 2016

The volume of microfinance loans to households in the III quarter grew by 23% – RIA Novosti

MOSCOW, 17 Dec — RIA Novosti/Prime. the Total volume of loans provided to the population by microfinance institutions (IFIs), in the third quarter of 2016 increased by 23.2% and amounted to 109.8 billion rubles, according to the National Bureau of credit histories (nbki), based on information from 2.7 thousand IFIs.

the micro-Finance institutions, in particular microfinance (MFIs) and credit consumer cooperatives (PDA).

Of the of 109.8 billion prislista 60.3 billion in loans to buy consumer goods and 49,5 billion in microloans. The structure of the portfolio of MFIs, the share of microloans in the third quarter decreased by 0.5 percentage points and amounted to 45%, while the share of loans for purchase of consumer goods increased in the same degree to 55%.

as of October 1, NCB recorded a 7.97 million active loans, which is 33.3% more than in the second quarter. At the same time, the overdue debt on loans issued to the population of MFIs rose for the first time in the last three years — by 0.7 percentage points compared with the second quarter of 2016 (21,2%), to 21.9%.

“the Issuance of loans by microfinance institutions demonstrates record pace, having increased for the quarter by more than 20%. In this regard, it is worth noting that currently Russia has about 10 million people use or have previously used services of the MFIs and that imposes on the participants of this still relatively young market with additional responsibility”, — said General Director nbki Alexander Vikulin.

“So we encourage those MFIs who are committed to intensive development, and building effective credit process, to improve the quality of risk management. For this it is necessary more actively to use the instruments of assessment of the risk profile of borrowers, industrial scoring tools for the prevention of credit fraud, and a system of operational monitoring of financial behaviour “Signal”, he concluded.

LikeTweet

No comments:

Post a Comment