organizations, the market as a whole poland telegram data is still small, only 3% of the volume of unsecured lending. True, growth has accelerated this year. In the first quarter, growth was 7% — instead of 4% last year. That is why we have also tightened macroprudential limits there.
— Microloans are often the last stage when a person gets buried in debt…
— Indeed, the level of bad loans for banks is 8-9%. And for MFIs, it is an order of magnitude higher. Figures of 50-60% of bad debts are not uncommon. This is the specificity of the market, that the borrower will either pay or not pay with a probability of about one in two. It turns out that those who pay on microloans compensate for the losses of those who do not pay. And this reflects increased risks.
Your forecast If now every second adult
has a debt to banks, will it ever happen that 100% of our population will become borrowers?
Unlikely always people in the economy
who only save and do not use loans. In fact, we are already comparable in terms of debt levels with other countries. Another thing is that we have different debt structures. In developed countries, as business telephony service for today’s organizations a rule, it is a mortgage. They have low rates, large amounts and long terms. And we have mostly unsecured loans. At the same time, there is nothing wrong with credit alb directory products. They give you the opportunity to improve your life today. Buy an apartment, make repairs, buy furniture. But the main thing is that a person can withstand this burden.