Russians used child benefits to repay microloans
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Russians used child benefits to repay microloans

30 July , 10:03SocietyPhoto: vestirossii.com
In the CloudPayments service studied the data of 133 MFOs (Micro finance organization) and after it calculated that the peaks of the return of the microloans by Russians in July fell on the dates of the transfer of state payments to children.

The company's analysts note that the payment of benefits for children from three to 16 years old, 10 thousand rubles each, offered by Russian President Vladimir Putin as support during the crisis and pandemic, had a positive effect on the return of microloans.

According to statistics, since the introduction of the self-isolation regime in April, the volume of online loan repayments has sharply decreased, writes RBC. Only in the second week of July, the number of transfers to MFOs began to grow - at the beginning of the month, Russians began to receive one-time child benefits.

CloudPayments recorded a spike in refunds exactly on the dates most recipients received the transfer of benefits. The bursts were confirmed by Eqvanta Group of Companies (Bystrodengi and Turbozaym brands), Lime-Zaim MFC and Zaimer MFC.

According to the data of the Central Bank, in the first quarter of this year, the volume of microloans issued amounted to 177 billion rubles. In the period of April and May, the portfolio decreased, the Central Bank noted. In May, the share of unpaid microloans, we recall, reached a five-year maximum.

“The trend change is due to the fact that the benefits received helped people to improve their financial situation and gradually begin to close the accumulated debts”, - said Dmitry Spiridonov, CEO of CloudPayments.

As for the other loans taken by the Russians, most of the loans that the recipients were not able to make payments at the beginning of coronavirus crisis still remain problematic. Overdue accounts for about 90% of the debt. The head of Equifax, Oleg Lagutkin, explains that the overdue debt that appeared during the pandemic "migrates from short-term and long-term".

Back in April, the Bank of Russia announced that a third of Russians would not be able to return loans to credit institutions.

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