One in ten Russian donors require financial assistance themselves
Survey reveals one in ten donors require financial assistance themselves
Most often, people who applied to loan companies made donations to adults in difficult life situations.
Article from ASI website
29.05.2024
The charity service VK Dobro and the financial marketplace ‘Vyberu.ru’ conducted a survey among three thousand citizens from different regions of the country to provide insight into their attitude towards charity and financial products.
The purpose of the survey was to find out what kind of relationship people have with money when they are willing to share it with those in need.
The survey results showed that donations were made not only by people with surplus funds, but also by those who sometimes needed financial support themselves.
12% of the Russians that were surveyed engaged in charity work on a regular basis and identified themselves as current clients of microfinance institutions (MFIs) or had taken out microloans over the past five years.
Most often they were residents of the following regions:
- The Moscow region — 27%;
- Siberia — 21%;
- Krasnodar Territory — 19%;
- Petersburg and the Leningrad region – 13%.
This group of respondents made an average donation of 900 Rubles per month, and they made transfers monthly or quarterly.
Most often, clients of MFIs made donations to adults in difficult life situations, while respondents without microloans most often helped children.
“According to our data, more than 25% of loans are taken out for emergency costs, including emergency treatment of relatives and pets. It is not surprising that the grief of others resonates in the hearts of this population group. Despite the fact that the profile of the borrower is changing, and loans are increasingly taken out not because of desperate situations, but because of convenience and speed, the trend towards empathy among MFI clients certainly remains,” commented Grigory Burdenko, CEO of the financial marketplace, ‘Vyberu.ru’.
Also, for the study, VK Dobro has prepared infographics on how to help safely and not be a victim of scammers. They can be viewed on the project’s website.
