January opened the year with a modest pullback in origination activity, as loan volume declined 3.53% while outstanding balances continued to grow, up 2.49%, reflecting ongoing portfolio expansion. Delinquency measures moved higher across the board—Par 30 rose 1.07%, Par 60 increased 0.52%, and Par 90 climbed 0.37%—indicating rising repayment pressure early in the year. The collection rate fell 4.91%, pointing to renewed challenges in recoveries following December’s relative stabilization. Loan terms shortened further, down 1.10%, while interest rates edged up 0.35%, offering slight yield support for lenders. As the year begins, navigating early credit stress while sustaining balance growth remains a key focus.
A full breakdown of the calculations for these metrics is available here.
| Indicator | January MoM |
|---|---|
| Volume | -3.53% |
| Outstanding Balance | 2.49% |
| Par 30 | 1.07% |
| Par 60 | 0.52% |
| Par 90 | 0.37% |
| Collection Rate | -4.91% |
| Term | -1.10% |
| Interest | 0.35% |