Credit i nfo reports that in February 2023, the number of borrowers unable to repay loans made 225,302, the number of contracts reached 458,149. A s of February 2023, 1,929,435 people use loans with the total amount of GEL 39, 8 billion.
T he banking sector accounts for 84% of borrowers, in February a total of loans in the amount of GEL 36.3 billion were taken from banks. 132,566 loans are overdue making 8.2% of the total loans.
743,660 people
took
l
oans
worth
GEL 3.026 billion
from
other financial institutions (microfinance, online, pawnshops,
private moneylenders). The total number of borrowers
from
these
organizations
reaches
126,273.