MFO loan disbursements rise in Q2 2026 amid rising overdue debt
Microfinance organizations (MFOs) in Russia increased loan disbursements in the second quarter of 2026 by 2% to 490 billion rubles, but consumer lending declined by 4% due to regulatory changes, leading to rising overdue debt and stricter approval rates for business loans.
Consensus
- Microfinance organizations (MFOs) increased loan disbursements in the second quarter of the year compared to the first.
- Consumer lending by MFOs declined by 4% in the second quarter of 2026.
- The total MFO portfolio grew by 1.5% in the second quarter.
- The share of overdue debt (90+ days) in the consumer segment rose to 41.8%.
- The share of overdue debt (90+ days), in the business segment, rose to 9.4%.
- The approval rate for business loans decreased to 36% in the second quarter.
- The share of short-term overdue debt (1–90 days) in consumer loans increased.
- The share of short-term overdue debt in business loans increased to 6.1%.
Points of divergence
- The average size of MFO debt sold on the debt cession market rose to 43,000 rubles in the first half of 2026, with a third increase over the year. — kommersant
- A new trend has emerged where MFOs are selling larger overdue debts, changing the economic model for collectors. — kommersant
- Larger debts are more economically efficient in terms of court costs relative to claim size, but take longer to recover. — kommersant
Coverage (2 sources)
- Lending by MFIs in Q2 grew by 2% compared to Q1 — Интерфакс
- Average size of sold MFO debt increased in the first half of the year to 43 thousand rubles — Коммерсантъ