The net profit of the microfinance sector decreased. The net profit of 34 MFOs amounted to GEL 28.7 million in 3M24, which was a 4% decrease y-o-y.
According to consolidated data, the total interest income of the sector was GEL 114.3 million. The total loss (according to the possible loss of assets) made up GEL 5.4 million. As of April 1, the credit portfolio of the microfinance sector was GEL 1.747 million. Compared to 1Q24, the portfolio has increased by 166.3 million. Pawn loans are the leader in lending to individuals. Loans of GEL 856.8 million were issued by the pawnshops.
Credit Portfolio Of Individuals In The Microfinance Sector
Pawnshop- 856.8 million GEL
Consumer loans - 508.8 million
Trade and services - 180.17 million GEL
Agriculture - 115.76 million GEL
Installment - 51.8 million GEL
Online loans - 25,393 GEL
Other - 7.9 million GEL
Portfolio of legal entities - 25.4 million GEL
