The analytical center of the National Agency for Financial Research conducted a survey, which resulted in a finding that 45% of our country’s population uses private loans. It means that almost half of Russians at least once during the last year took or lent money.
Study was conducted in different regions of the country
This way of lending was used by 10%, they issued loans to 17%, and they gave and took out loans – 18% of the people surveyed. Of these, 35% of Russians lent money to friends and relatives, and 28%, on the contrary, took out. Private loans are a fairly common phenomenon in our country, experts say.
The study was conducted in different regions of the country. Thus, in the North Caucasus and Urals federal districts, the lowest need for such financial relations was revealed, and the highest percentage of people using private loans was recorded in the Volga and Central Federal Districts. Least of all, they give and borrow unofficially people over 55 years old.
Private loans or bank loans?
Informal debts do not greatly affect official loans and borrowings. During the study, it became known that people who more often use the services of banks and MFIs are more often borrowing informally. And people who rarely apply for loans, less often use private loans.
Number of “loans among its own” is growing
Tightening the conditions for obtaining a loan from a bank, so the number of “loans among its own” is growing. Financial illiteracy also affects growth. It is much easier for many to apply for a debt to their acquaintances than to study the conditions and agreements offered by banking organizations.It means that almost half of Russians at least once during the last year took or lent money.
In our company, getting a loan is as easy as taking a private loan.