Ranking of MFIs in terms of reliability of deposits

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Situation 1: A small amount of money is urgently needed. So small that banks do not issue loans of this size. Where to borrow until payday is not a question. If options with colleagues, girlfriends and neighbors do not work, then microfinance organizations - MFIs will help.

Situation 2: a goal is set - to increase the considerable funds earned by selfless work. Bank deposits promise 6% per annum, risky deposits guarantee 12%, IOUs - a profit no higher than 4%. Firms will accept free finance at 20 percent per annum.

The rating of MFIs will help limit the risks of placement and lending.

Identification of the subject

For the transparency of the microloan market in the financial expanses of Russia, it is allowed to create two types of mini-credit structures.

A microfinance institution is a company with equity capital of 70 million or more. They are allowed by the Laws of the Regulator:

• attract free funds of legal entities and citizens;
• invest raised funds;
• to lend to borrowers in the amount of up to one million Russian rubles;
• issue IOUs – bonds.

At the same time, microcredit organizations with a capital of less than 70 million rubles operate in the legal field. MCOs are allowed to operate only on the basis of their own funds. For them, a ban was imposed on attracting and investing funds from the population. The maximum amount of a micro-loan from an MCO is 0.5 million rubles.

Why and who needs a serial number

Consumer's trust is enjoyed by sustainable structures that fulfill financial obligations on time and in full. In the densely packed micro-loan space, it's hard to figure out who's reliable and who should be left out and forgotten without a hint.

The problem is solved by the classification of organizations according to agreed rules. A line in the listing of a significant agency is already a signal to the borrower and investor about the transparency of internal procedures in the company.

The MFI rating helps to expand the client base and build trust in investor relations.

Reliable lenders provide loans to everyone.

Parameters for calculation

When determining the level of reliability rating of MFIs, the value of the following parameters is used:

1. Loan amount receivable. Pay attention to how many credit firms have a name with the words "borrow until payday" or "loan a week." Large loans are not expected here, the maximum confidence in the consumer of services is 30-50 thousand rubles. Only companies with a stable financial base are able to provide a service on a large scale.

2. Loan rate percentage. Assess your loan servicing options. If it is not possible to return tothe period specified in the contract, at a rate of 1% per day, a minimum of 30% will run in a month, and with a loan of 5000 r. the consumer will be forced to pay 6.5 thousand Russian money in a month.

3. What is the duration of the micro-loan? A day, a week, half a month - the conditions for all organizations are different.

4. Variety of ways to get microcredit money. Some organizations work only with bank cards, so as not to complicate life with cash problems. Others offer a choice - cash or card. The list of third parties includes cards, bank accounts, and e-wallets.

Take a closer look at the cost of each parameter. Additional costs add to the burden of credit.

Money for urgent needs of residents of the capital

Before purchasing a product or receiving a service, a potential buyer studies reviews. In the financial industry, consumer feedback is no less important. The MFI rating is a formalized parameter that does not take into account the nuances of the professional qualities of staff and management. The order number on the authority list is sometimes not what you expect.

Researchers of the microloan market revealed a regularity - the wider and deeper the company's requirements for the counterparty, the more correct the cost of the loan. Conversely, building a procedure on the principle of "one ID - and in five minutes the cash is in the hands of the client" ultimately leads to fabulous interest payments for the service received.

The listing of indicators of reliable credit firms in each region contains information on differentmarket participants. The rating of MFIs in Moscow differs, for example, from the similar register of Chelyabinsk. In the capital, microcredit offices are growing like mushrooms after rain: some grow, others are sent for processing.

Residents of any city before applying for a mini-loan should evaluate not only the public indicator of the organization's success, but also the experience of functioning in the field of financing, popularity among people. And then make an informed decision of your own.

Moscow microfinance leaders

The number of MFIs in the capital of Russia is several hundred. The top ten most reliable companies are those with a lifespan of 2 to 6 years. Methods for issuing money to the borrower - a bank account or a Sberbank card; to a bank card or to an electronic wallet; via QIWI wallet or Contact system.

For example, "Simply Borrow" has been operating in the Moscow market for six years and offers customers 2 options for paying money - to a card or to a current account. There are no physical offices. Contact only via the Internet.

For the conclusion of the contract require a passport, mobile phone number, certificate of employment. Credit 3-15 thousand rubles. issued for a period of two weeks to one month. The cost of a loan of three thousand for two weeks is 915 rubles, or 30.5 percent.

The leader of the TOP list of microfinance companies in Moscow is Vivus. Operates at 1.6% per day. With a loan of 3000 r. you will have to return 4440. A wide range of ways to withdraw money: in cash through Contact and Leader; to electronicQIWI wallets and Yandex. Money ; to a bank account and card.

Muscovites can use any kind of urgent receipt of the necessary funds. The question rests only on the percentage of the loan.

Leader in Russia

The microfinance business is built on the fact that the citizens of a huge country regularly borrow money. In place of the disappeared credit firm, another team is immediately registered. The rating of Russian MFIs no longer contains 10, but 208 items.

The Central Bank of the Russian Federation is cleaning up not only banking institutions, but also microfinance organizations. Therefore, the leaders change, and the list itself as a whole undergoes changes from time to time.

Now the first in the list is the company Ezaem ("Ezaem") with interest conditions:

• 0, 00 for the first loan up to 4 thousand rubles;
• 2, 18 per day for other loans.

Why this company became the Russian leader is not clear, as negative reviews about the quality of its work flooded the Internet. It's not even about predatory interest, the investor is warned about them in advance. Clients report strange actions of the company: debiting money from the card without notifying the counterparty, accruing debt for non-existent violations; delay in loan repayments; false calls about events that didn't happen.

There are also positive reviews about the organization, for example, how quickly the money arrived on the electronic wallet, or how nice it is to get 4 thousand in debt without interest.

Rulesinvestment

Interest rates of deposits vary in banks depending on the size of the current rate of the Central Bank. Current performance is becoming less and less attractive. Under these conditions, offers to place free money at an annual rate of 20, 25 and even 30 percent look tempting.

As for lending services, as for investment operations, ratings of MFI deposits are calculated and published. Based on this indicator, we must remember that not all small companies are able to incur the cost of calculating a comparison with competitors.

Therefore, before transferring your own money to unauthorized hands, you should check:

• feedback on the quality of work;
• PSRN number in the State Register on the site tax.ru;
• registration number in the self-regulatory microfinance organization "Unity" or "Peace".

People can give money in growth to microfinance offices. But there are restrictions on the amount of investments. The law allows individuals to invest in MFIs in the amount of at least 1.5 million rubles.

Example: at a rate of 20% of an investment of one and a half million Russian rubles, a profit of 300 thousand rubles is generated. Upon receipt of investment income, the client is obliged to pay income tax in the amount of 13%. The investor will receive 261 thousand rubles clean in hand.

An honest MFI notifies the depositor that it assumes the duties of a tax agent, withholds the necessary funds, transfers to the treasury, issues a personal income tax certificate upon request.

Where should an investor go

The ratings of MFIs on the reliability of deposits should be considered in conjunction with other parameters. For example, in transparent systems, information about withholding income tax and its amount is posted on the company's website and in flyers. The lack of information about personal income tax should alert a potential investor.

To reduce deductions and lower the entry threshold, there is a way: register as an individual entrepreneur. This is a citizen with a special tax status - and not an individual, and not a legal entity. The tax deduction from investment income will be already 6%, and the amount of the deposit may be less than 1.5 million rubles.

The rating of MFIs on deposits in Moscow is regularly reviewed. But the company "Home money" remains the leader. Three hundred people invested about three billion rubles in its activities.

Essential and we althy men aged 40 and older, with higher technical, economic and legal education, invest. Such investors - 83 percent, according to the organization. The gender proportion of business is preserved, there are no more than 20% of women there.

The client must carefully weigh the risks of investing. Bank deposits have an undeniable advantage - the funds are protected by the Deposit Insurance Agency DIA. Whereas in case of bankruptcy of an MFI, the investor, most likely, will not be reimbursed a single ruble.

Some firms indicate that deposits are insured in IC "Derzhava" or IC "Alliance". Check the claims on the websites of insurance companies. Investing is subject to“check it seven times” principle.