May 2025

May saw a return to growth in lending activity, with loan volume up 8.61% and outstanding balances increasing by 1.03%, reflecting renewed confidence among lenders.

May saw a return to growth in lending activity, with loan volume up 8.61% and outstanding balances increasing by 1.03%, reflecting renewed confidence among lenders. Delinquency indicators remained under watch, as Par 30, Par 60, and Par 90 rose by 0.29%, 0.32%, and 0.55%, respectively—signaling ongoing borrower stress despite the uptick in originations. The collection rate improved modestly for the second month in a row, up 0.74%, suggesting incremental progress on recoveries. Loan terms shortened further by 2.56%, while interest rates declined 1.21%, creating a more affordable environment for borrowers but placing pressure on lender returns. As mid-year approaches, balancing volume growth with portfolio performance remains a central theme.

A full breakdown of the calculations for these metrics is available here.

IndicatorMarch MoM
Volume8.61%
Outstanding Balance1.03%
Par 300.29%
Par 600.32%
Par 900.55%
Collection Rate0.74%
Term-2.56%
Interest-1.21%

May saw a return to growth in lending activity, with loan volume up 8.61% and outstanding balances increasing by 1.03%, reflecting renewed confidence among lenders. Delinquency indicators remained under watch, as Par 30, Par 60, and Par 90 rose by 0.29%, 0.32%, and 0.55%, respectively—signaling ongoing borrower stress despite the uptick in originations. The collection rate improved modestly for the second month in a row, up 0.74%, suggesting incremental progress on recoveries. Loan terms shortened further by 2.56%, while interest rates declined 1.21%, creating a more affordable environment for borrowers but placing pressure on lender returns. As mid-year approaches, balancing volume growth with portfolio performance remains a central theme.

A full breakdown of the calculations for these metrics is available here.

IndicatorMarch MoM
Volume8.61%
Outstanding Balance1.03%
Par 300.29%
Par 600.32%
Par 900.55%
Collection Rate0.74%
Term-2.56%
Interest-1.21%