MFOs' profit has increased. According to the consolidated data of 9 months, the sector generated a net profit of GEL 90.3 million, the annual increase was GEL 9.1 million or 11%.
In January-September, the interest income of 34 microfinance organizations amounted to GEL 316.9 million. The total credit portfolio of the microfinance sector was GEL 1.645 billion, of which the largest share comes from lending to individuals and amounts to GEL 1.619 billion.
In total, MFOs issued loans of 857,039.
50% of lending to individuals account for pawn loans. The total amount of 653,715 granted loans exceeds GEL 810.4 million.
MFO's credit portfolio:
Lombard - GEL 810.4 million;
Consumer loans - GEL 463.1 million;
Trade and services - GEL 180.70 million;
Agriculture - GEL 107.06 million;
Installment - GEL 50.43 million;
Online loans - GEL 26,717;
Other - GEL 8.14 million;
Total - GEL 1.620 billion.
According to the data of 9 months, a total of
