Source: Central Bank of the Russian Federation in English
The market of microfinance organisations (MFOs) records an upward trend in the portion of companies resuming positive dynamics after the difficult year 2020.
In the first quarter, a little more than 50% of all MFOs expanded their portfolios. These data are provided in the 2021 Q1 Microfinance Market Trends, an information and analytical commentary.
Over the first three months of 2021, the overall microloan portfolio added 8%, which is slightly more than in the same periods of 2018–2020. Moreover, the portion of overdue microloans in the portfolio edged down by 0.2 pp to 28.7%.
Although this trend was mostly driven by large players, the MFO market is still moderately concentrated, with the top 50 companies accounting for 70% of the market portfolio.
Preview photo: Evannovostro / Shutterstock / Fotodom