The number of MFI cautions increased almost fivefold over the year

Over the year, the number of cautions issued to microfinance organizations (MFIs) increased by 368.5%, i.e. almost five times. Such results were shown by a joint study of the Financial University under the Government of the Russian Federation and the "Public Consumer Initiative" of MFI activities.

As noted in the study, the number of such violations and their signs is growing annually, and this year the pace has increased many times. Thus, for the entire 2023 MFIs, according to the register of inspections, the operator of which is the Prosecutor General's Office, was announced 26% more warnings than for the entire 2022, and for the three quarters of 2024 - 368.5% more than for the same period in 2023.

At the same time, an even greater increase in violations was recorded when examining the top 50 Russian MFIs. If in 2023, compared to the previous year, the frequency of declaring warnings to them increased by 38.6%, then in the first half of 2024 their number increased by 447.7% compared to the same period of 2023.

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