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Russians increase debts to microfinance organizations

Russians increase debts to microfinance organizations
Photo: pixabay.com

The debt of the country's residents to microfinance organizations grew by almost 50% over the year. We are talking about payments overdue for more than 90 days. At the end of March, the amount of debt reached 4,4 million loans.

At the same time, the share of overdue debt for the specified period increased by only 5 percentage points - up to almost 40%, reports TASS with reference to information from Equifax credit bureau. Overdue debt amounted to more than 50 billion rubles.

Experts note that the dynamics of overdue debt in the first quarter does not yet take into account the effects of the pandemic and self-isolation regime.

Earlier it was reported that bank customers in Russia became more active close loans. The number of early repayments in March increased by 4,8% compared with February and by 8,4% in annual terms.

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