the fall of purchasing power Wage figures are increasingly marked in a situation of rampant inflation. Money is not enough and this is reflected in the patterns of indebtedness that individuals and families have. According to a survey conducted by a particular site among its users, during July, it was observed that the cancellation of loans (33%) is the main destination of the credits requested.
This section covers various debt items such as accounts payable, credit cards, taxes, and miscellaneous debts. Admittedly, this is seen as a slight drop from the previous poll in March 2022, when it came in at 36.2%, but it remains in first place within the category.
Most disturbing is the fact that occasionally a new clause emerges that was not present in the March survey: Request for ready to repay. This item comes second with 19%.
This reflects the difficulties that inflation is facing with much of the population operating on low wage rates. This also explains the drop in consumption in certain regions. extreme judgment Going into debt to make ends meet is when the ability to cut spending is already limited because the cuts can continue as the adjustment in consumption leaves only the essentials of life.
Another reason for the destination of the funds is home repairs, which is showing 16% growth compared to 14% in the sample carried out in March this year, said Ixpandit Fintech Factory, a fintech dedicated to providing loans in line. East. Adelantos.com User Data.
Meanwhile, the service payment item remained at the same percentage with 9%. On the other hand, other destinations are explored, such as Drug costs (8%)Rental (6%) and supermarkets (3%).
“At Adelantos.com, we target people with low banking access who have a bank account, but due to their credit risk profile, do not have access to the products or services offered by the bank,” he said. -he explains. Fatima MaidanMarketing Manager.
Among the debtors of Adelantos.com, 57% identify as male, while women represent 42% of the sample. Regarding their profession, 58% are in a private dependency relationship, 23% are state employees and 10% are self-employed or self-employed.
The frequency with which they request financial assistance is 32% for those who do so first, then every three months (14%), once a year (15%) and twice a year (twenty). resort to loans. -A%).