Commercial MFIs overtook the state in financing entrepreneurs
According to the results of 2024, the share of issuance of commercial MFI loans in financing entrepreneurs first exceeded the same indicator of state MFIs, and immediately by 10 p., And amounted to 55%. This happened, despite the fact that the conditions for the deadlines and rates of the State Gosigroks are more profitable. Long terms for consideration and hard restrictions block these advantages. According to market participants, in the future, the share of commercial players will continue to grow.
The Central Bank published the material “Trends in the MFIs Funding MFI market in 2024”. According to him, in 2024, the MFIs issued microloans to business in the amount of 129.7 billion rubles, which is almost a quarter more than a year earlier.
The issuance of state MFIs amounted to 56.4 billion rubles in 2024, the indicator is striking at the level of 55–57 billion rubles. Three years in a row. At the same time, commercial players showed active growth: for a year they issued a business 73.2 billion rubles, which is 54% more than in 2023. As a result, their share in the total volume for the first time exceeded the share of state MFIs and reached 56%. A year earlier, the ratio of the share of state and commercial MFIs in the issues of loans to entrepreneurs was 55% and 45%, respectively.
Such dynamics is observed, despite the fact that the maximum rates for loans from the State Gosigroks are almost half as much as in commercial ones – 13% versus 23%. Commercial players mainly (54.7%) issue loans for up to six months, while state (93.3%) for a period of one to three years.
In state MFIs, the “Kommersant” request about the causes of such dynamics on Monday did not answer. “The trend for the growth of the share of commercial MFIs is partly associated with insufficient subsidizing state MFIs from the federal budget in recent years, that is, the market has ended up in a situation where demand is higher than the proposal,” the Press Servant of the Mir, “now in state MFIs for a loan-for two or six months, but the business cannot always wait so long.”
Commercial players intend to further increase their presence in the segment. “The growth of the share of the commercial segment this year can be even more dynamic than in the past,” says Elena Malysheva, the commercial director of Summit Group. “As a result of the year, you can expect a share of commercial MFIs in the total output up to 70%.” “The MSB microcredit market is now at the stage of intensive development,” says Andrei Afanasyev, the founder of the Seller Capital service (“daughter” of the IFC ”)“ trying to master the niche and take a significant position in it, the new players win automation, digitalization, etc. ”. According to the Central Bank, in 2024, only 0.8% of state MFI loans were issued online, while in commercial players this figure reached 90.3%.
According to MoneyMan CEO, Artem Bykov, lending to entrepreneurs is one of the adjacent segments that will all be more active in the market participants in the anticipation of the proposed Central Bank diversification of the microfinance sector. Private MFIs are interested in developing the direction of lending to SMEs and IP. This creates opportunities for diversification and development of MFIs, the general director of Joy Mani Maxim Pashchenko agrees.
However, experts are sure that state and private MFIs of competitive warfare will not have a client. “The customer base of the state funds for supporting entrepreneurship has a minimum intersection with commercial MFIs oriented to issuing loans of SMEs,” explains Ivan Uklein, senior director of banking ratings. “A typical client of the regional support fund is a local entrepreneur with a small amount of microloan and very preferential conditions, but most often a bail. The median businessman of a commercial MFI is often a relatively large entrepreneur with the need for online financing here and now. ” “It is obvious that with the development of digitalized approaches to commercial MFIs, the speed of decision -making and the availability of loans is an obvious advantage,” concludes the managing partner of the VETA expert group Ilya Zharsky.
