{"id":1284957,"date":"2025-08-25T18:58:50","date_gmt":"2025-08-25T15:58:50","guid":{"rendered":"https:\/\/prm.ua\/russians-are-being-driven-into-a-debt-hole-microloans-are-breaking-demand-records-amid-tough-bank-policies\/"},"modified":"2025-08-25T18:58:50","modified_gmt":"2025-08-25T15:58:50","slug":"russians-are-being-driven-into-a-debt-hole-microloans-are-breaking-demand-records-amid-tough-bank-policies","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/russians-are-being-driven-into-a-debt-hole-microloans-are-breaking-demand-records-amid-tough-bank-policies\/","title":{"rendered":"Russians are being driven into a debt hole: microloans are breaking demand records amid tough bank policies"},"content":{"rendered":"

Microlending companies in Russia are showing growth amid stricter lending requirements from banks, pushing Russians deeper into debt.<\/strong><\/p>\n

This was reported<\/a> by the Foreign Intelligence Service of Ukraine.<\/p>\n

In the second quarter of 2025, the volume of microloans issued increased by 7 percent quarter-on-quarter to $6.6 billion. The loan portfolio of microfinance organizations also increased by 7% to $9 billion. Growth was recorded in both the retail and business segments.<\/p>\n

Online editions continue to dominate: in the retail segment, their share has increased to 91%, in the business segment \u2013 to 62%.<\/p>\n

“At the same time, the quality of loans is deteriorating. Only about 30% of microloans are serviced properly. 15% of loans are overdue. In every fourth case, debtors fail to make payments on the first attempt,” the intelligence agency notes.<\/p>\n

It is known that almost half of new loans taken out by Russians are taken out immediately after the previous ones are repaid, and in 20% of cases the total debt increases.<\/p>\n

“For many Russians, microcredit is becoming not a solution, but a reality, where old debts are paid with new ones,” the intelligence agency summarizes.<\/p>\n

Recall that the growth of the Russian economy is slowing, oil revenues are falling, the budget deficit has reached its highest level in three decades, and inflation and interest rates remain high.<\/a><\/p>\n

As reported, according to a preliminary estimate by the Russian Ministry of Finance, the federal budget deficit increased by 1.2 trillion rubles in July and reached 4.9 trillion rubles in the first seven months<\/a> . This is significantly more than the 3.8 trillion rubles planned for the entire year.<\/p>\n

In addition, due to the rapid decline in oil and gas revenues and rising costs, the Russian government will make changes to the budget for the second time in a year.<\/a><\/p>\n

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Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Microlending companies in Russia are showing growth amid stricter lending requirements from banks, pushing Russians deeper into debt. This was reported by the Foreign Intelligence Service of Ukraine. In the second quarter of 2025, the volume of microloans issued increased by 7 percent quarter-on-quarter to $6.6 billion. The loan portfolio of microfinance organizations also increased […]<\/p>\n","protected":false},"author":63,"featured_media":1284951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76872,76892,76870,76871],"class_list":["post-1284957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-feed","category-economy","category-world","category-news-2"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1284957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1284957"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1284957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1284951"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1284957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1284957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}