Simple cash: Russians caught by weight of customer loans


Simple cash: Russians caught by weight of customer loans

Saint Petersburg business owner Yulia Galich states she will not know very well what she’d do without customer loans.

She took away an 80,000-ruble ($1,300) loan whenever she desired to visit Israel on vacation together with her spouse and son that is 10-year-old August.

The 48-year-old, whom founded a makeup studio and offers professional beauty items, has for many years relied on loans to additionally support her company.

“It is addictive. As soon as you begin taking down click here to read loans you can not stop,” Galich told AFP.

She actually is certainly one of an incredible number of Russians whom depend on unsecured loans and charge cards, causing a relentless credit boom.

Russians, whoever genuine disposable incomes have actually been dropping since 2014, are borrowing increasingly more to guide their companies and life style and on occasion even pay bills. 続きを読む “Simple cash: Russians caught by weight of customer loans”