MFOs increase corporate lending by 40% in 2022
27 April 2023
News
Last year, microfinance organisations (MFOs) engaged in business financing issued new loans worth ₽70 billion to small and medium-sized enterprises. Though 80% of the total loan amount was issued by state-owned MFOs, large private MFOs also built up their lending.
Online loans accounted for 13%. This channel of fund raising is actively used by marketplace businesses. Wholesale and retail companies are leaders in terms of the number and amount of loans taken.
Read more in MFO Business Financing Market Trends in 2022.
Preview photo: Prostock-studio / Shutterstock / Fotodom