In 2023, microfinance organizations (MFOs) in Russia provided loans totaling ₽105.4 billion to small and medium-sized businesses, a significant increase from the ₽70.5 billion issued in 2022. Both government and commercial MFOs contributed nearly equally to this lending amount.
Remote lending saw substantial growth, increasing more than fourfold during the year. The quality of loan portfolios remained stable, with overdue loans accounting for 5.2% of the total.
MFOs have noted that many borrowers require financing beyond the current threshold of ₽5 million. In response, the State Duma is reviewing a draft law proposing an increase in the maximum amount for microloans available to legal entities and individual entrepreneurs to ₽7 million.
Further information can be found in MFO Business Financing Market Trends.