The microfinance market has experienced a slight downturn in lending activities during the first quarter of 2025. This trend is attributed to rising interest rates and the impact of macroprudential limits, which have contributed to a more balanced growth in companies’ portfolios.
In the first quarter of 2025, loans issued by microfinance organizations (MFOs) decreased slightly to ₽497 billion. However, overall outstanding loans increased by 10% to reach ₽688 billion. The proportion of loans overdue for more than 90 days continued to decline, while those overdue for less than three months saw an increase.
The profit for MFOs fell to ₽13 billion during this period. To maintain profitability, these organizations have been increasing their income from non-core activities. Meanwhile, client complaints about coercive tied selling by MFOs have become less frequent.
Further information can be found in the Review of Key Indicators of Microfinance Organisations for the first quarter of 2025.
