Russian MFOs Sell Record Debts to Collectors
40% of microfinance organizations ended the second quarter of the year with losses. According to a report by Russia's Central Bank, studied by The Insider, microfinance organizations (MFOs) have increasingly sold debts to collectors, and in 2026, the share of such debts exceeded the maximum for two years.
Consensus
- Microfinance organizations (MFOs) sold 43 billion rubles in overdue debt to collectors in the second quarter of 2016.
- The discount rate on debt sales reached 80% in the second quarter of 2025.
- The share of debt overdue by more than 90 days reached 35%, the highest since late 2022.
- MFOs are selling debts faster due to worsening loan quality.
- Collectors are increasingly offering discounts and installment plans to debtors.
Points of divergence
- 40% of microfinance organizations ended the second quarter of the year with losses, according to the Central Bank. — tg_theinsider
- The volume of debt sold to collectors in Q2 2026 was 1.5 times higher than in Q1 2026 and 33% higher than in Q2 2025. — tg_moscowtimes_ru
- The trend of debtors paying off debts before court proceedings began in 2024, due to increased court fees. — tg_theinsider
- Some debt was transferred to collectors at an early stage of delinquency. — tg_moscowtimes_ru
Coverage (4 sources)
- Russian debts are increasingly and more cheaply sold to collectors. 40% of microfinance organizations ended the second quarter of the year with losses — Central Bank — Радио Свобода
- Russian debts are increasingly handed over to collectors. Microfinance organizations transfer overdue credits at lower prices — Вёрстка
- Russian debts are increasingly and more cheaply sold to collectors. 40% of microfinance organizations ended the second quarter of the year with losses — Central Bank — The Insider
- Microfinance companies selling payday loans to collectors sold record debt volume for Russians in two years — The Moscow Times