Collection agencies have purchased a record 100 billion rubles of…

Collection agencies have purchased a record 100 billion rubles of overdue Russian loans on a 'pay-as-you-go' basis. Collection agencies have sharply increased their acquisition of overdue debts from Russians from microfinance organizations (MFO).

Coverage (2 sources)

• Collectors sold record 100 billion rubles of overdue Russian loans «on the spot» — The Moscow Times
• Collectors buy microloan debts of Russians at record pace — Фонтанка

Key entities

• The Authorities
• Microfinance Organization
• Alexandr Vasilyev
• ID Collect

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