In the North Caucasus and the Southern Federal District, the demand for online loans has greatly increased. The financiers calculated that last year loans in these districts were issued (both online and offline) for more than 9 billion rubles. For comparison, in 2017 a little less than 8 billion rubles were issued. So, we can safely say that in the south of our country microloans play a significant role in the financing sector and continue to develop.
Perhaps, as in other parts of our country, in the south the biggest demand goes for microloans online. But there is no surprise – more and more solvent people are actively using the Internet. In addition, almost every year there is a new and increasingly convenient and faster way to identify customers. Therefore, many MFIs are more willing to issue money remotely. Approximately three times more loans were issued over the Internet last year compared to the year before last. But at the same time the demand for standard loans is somewhat reduced – which are issued at the company’s office.
Which are used by legal entities
Good performance and the microloans. How. Individual entrepreneurs and organizations last year more often applied and took loans to MFIs than in 2017. Support for small businesses in the microfinance sector has been discussed for a long time. And now it is obvious that in the south of Russia it really works. For every ten microloans for jur. Persons in 2017 increased by three loans in 2018.
Organizations left the market
Some financial experts believe that the growth in loans issued was affected by a decrease in the number of MFIs in these regions. More than 10% of microfinance, unable to cope with the strict regulation of the TYP Bank. Consequently, people have begun to trust more companies remaining in the market and the microfinance sector as a whole.