20.06.2021

Debts of Russians on microloans reached a record

The Russians massively stopped paying on microloans. This was reported by the Equifax Credit History Bureau. According to the agency’s report, the delay exceeded 40% after a month of self-isolation and reached a record level in recent history.

According to the results of April, clients of microfinance organizations (MFIs) delayed repayments of up to 4.5 million loans for more than 90 days. The reason is simple – many, borrowing small amounts to paychecks, could not even think that they would lose their jobs and there would be nothing to give. The pandemic provoked an increase in unemployment. According to analysts, the indicator may grow from pre-crisis 4.6% two or even three times, and the total debt to creditors – up to 65 billion rubles.

Microfinance organizations have become a breeding ground for non-payments. According to the results of April, MFI clients overdue more than 90 days for the payment of 4.5 million loans. People borrow small amounts “to salary” and don’t give back, because there is nothing. Either this salary was cut in the crisis, or the person was completely fired. As of May 27, about 1.9 million unemployed were officially registered in Russia. Unofficially, the number of those who lost their jobs is 3 times more, according to estimates by the methodology of the International Labor Organization.

In addition to the obvious reasons for the growth of debt – the fall of the economy, unemployment – the head of IAC “Alpari” Natalia Milchakova called the “technical factor”: “Many MFI clients take loans in cash, but because of the self-isolation regime, not everyone could come in person to the lender’s office to pay off “It is also possible that for unscrupulous borrowers, the self-isolation regime and the restrictions associated with it have become just an excuse not to pay debts.”

According to statistics from the Central Bank, half of the borrowers of microfinance companies already have a debt burden above 50% of their monthly income, says Alexei Krichevsky, an expert at the Academy of Finance and Investment Management. And over the past two and a half months, the situation has worsened dramatically ..

According to analysts, if now the number of overdue loans is about a third of the MFIs portfolio, which is about 51 billion rubles, then by the end of May we should expect its increase to 40% and 60-65 billion rubles, because for another month of self-isolation of money from people, to put it mildly, did not increase.

“In fact, this is a common problem for borrowers and companies issuing such loans. Almost 40% of their customers are people with a debt burden of 50-75% of monthly income, ”says Krichevsky. “The quality of the portfolio had to be taken care of in advance, so as not to ask the government to recognize the industry as seriously affected by the pandemic.

Named professions whose salaries will increase after a pandemic

There are several professions in which salaries are expected to increase after the pandemic, experts at the Institute for Progressive Education say, RT notes. First of all, salaries can increase among PR- and SMM-specialists, producers and content managers.

This is due to the fact that a business in a crisis time will have to develop its business and increase the number of customers. Therefore, you need to replenish the ranks of your employees with high salary offers.

Salaries can also increase for crisis managers, financial consultants, logistics managers, online educators with experience and virtual guides. It is also likely that salaries will increase among physicians and specialists in the natural sciences, psychologists, psychotherapists, and agricultural workers.

Previously, experts said that after the pandemic is over, a large number of specialists will be needed related to the IT field due to the digitalization of work processes and going online.

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