Decreased and the number of applications submitted by elderly Russians. If in the first quarter, their share as a percentage of the total number was about 5% in the second quarter it dropped to 4.1%. To 4250 roubles (or 7.6%) decreased and the average loan amount. This elderly Russians take an amount strictly equal to the initially requested, though the creditors and offer to increase it with the loan.
According to Director of the company Irina horoshko, the decline in demand of Russians older on microloans can be explained by the fact that they have a guaranteed income in the form of pensions. Therefore, in the conditions of economic instability, they remain independent from General economic conditions. In addition, in some regions against the background of self-isolation for pensioners was introduced additional payments. Also affected by the fact that microfinance organizations during a pandemic, made out loans online, and pensioners will prefer to conduct such operations in reality.
According to the Central Bank, the MFI during the term of the restrictive measures because of the coronavirus have begun to tighten policies on the granting of loans to prevent the growth of debt load citizens.
