OREANDA-NEWS Every second Russian who has taken out a loan has problems paying it off. This was stated by the Executive Director of the Analytical Center of the National Agency for Financial Research (NAFI) Lyudmila Spiridonova. She is quoted by TASS.

In addition, it turned out that 21 percent of Russians do not know what a credit rating is.

According to her, a survey conducted by NAFI showed that more than 60 percent of Russian residents keep a family budget. However, 40 percent calculate expenses in their head. Also, 16 percent of citizens demonstrated a high level of financial literacy, while 30 percent demonstrated a low level.

According to the Bank of Russia, more than 70 percent of the population does not trust microfinance organizations (MFOs).

In addition, there is evidence that every fourth Russian who decides to take out a loan from an MFO never checks the status of such an office.