How does the microcredit market work during the war and why Ukrainians rarely take such loans
Where and who else gives Ukrainians fast loans" under 0%"focus concludes that the Russian invasion of the microcredit market has decreased and decreased demand. In the National Bank, which acts as a market regulator , explain the tendency of migration of citizens and reducing the income of Ukrainians because of which the MFIs increased the requirements for borrowers.
Alla Savyuk, President of the All -Ukrainian Association of Financial Companies (VAFK) reported focus that since February 24, the Finnish Company suspended the issuance And in the second quarter of 2022, market operators focused on analyzing the situation, adjusting the scoring models, viewing the management management, not on the active lending of clients. The most difficult situation in the MFIs affected by fighting or temporary occupation of the territories.
Financial companies and pawnshops that provide offline services have lost their separate units and their property in the occupied territories. Therefore, such market players, instead of active services, optimized the costs of maintaining jobs and liquidity to restore work in the future. On the other hand, citizens during the war on financial matters became more prudent and careful. "Consumers make financial decisions more aware," the focus in the National Bank reported.
"We used to face the problem of misunderstanding by clients of financial institutions, especially when making an online loan. But the perception of loans as irreversible financial assistance is gradually changing due The National Bank's efforts to increase financial literacy. " However, the microcredit market continues to operate. About what are the topical conditions of MFI loans, read in the focus "Thousand percent annual. Where and who else gives Ukrainians fast loans" under 0% ".