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.
| Indicator | March MoM |
|---|---|
| Volume | 8.61% |
| Outstanding Balance | 1.03% |
| Par 30 | 0.29% |
| Par 60 | 0.32% |
| Par 90 | 0.55% |
| Collection Rate | 0.74% |
| Term | -2.56% |
| Interest | -1.21% |