The term of loans correlates with gender of borrowers

According to the study conducted by Robocash Group in India, Vietnam, Indonesia and the Philippines, most customers take loans for a period of 22 to 30 days. In Vietnam, India and Indonesia the share of such borrowers amounts to 85%, 97% and 77% respectively. In the Philippines, this period is requested by 26% of customers, while loans for up to 15 days are in demand among 70% of customers.

The financial holding revealed the ratio of men and women among its borrowers. According to the findings, men prevail in the number of customers in India (87%), Vietnam (72%) and Indonesia (58%). In the Philippines, men comprise only 32% of customers compared to 68% of women. At the same time, these countries have a comparable ratio of men and women among the population. According to The World Factbook, last year, this ratio was 1.08/1 in India and 1.01/1 — in the Philippines.

The analysts of the company see two reasons for that. First, India and Vietnam have lower Internet penetration compared to Indonesia and the Philippines. Recent findings state that India has only 41% of the population active on the Internet, Vietnam — 55%, Indonesia — 56% and the Philippines — 71%. “With higher Internet penetration, we see an increase in the number of women using the Internet as a means of shopping, earnings and financial transactions,” — experts say.

Moreover, in Indonesia and the Philippines distinguished for low access to banks due to the territorial fragmentation, women tend to show greater independence when the access to other opportunities to cover existing family and personal financial gaps is limited.

At the same time, there is a direct correlation of the difference in gender with other characteristics of issued loans. In particular, it affects the terms of loans. Thus, loans for a period of 22 to 30 days are most popular in India (97%), Vietnam (85%) and Indonesia (77%). The lowest demand in these terms is in the Philippines (26%), while loans for up to 15 days are requested by 70% of customers there. The reason is that women, who are more inclined to consume here and now, are at the same time more pragmatic than men. Thus, women try to close existing liabilities as quickly as possible.

ROBOCASH GROUP
Duntes iela 23A, Rīga, LV-1005

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Alyona Sedova
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Robocash Group is an international financial group operating in the segments of consumer alternative lending and marketplace funding in Europe and Asia. The company develops robotic financial services providing lending to customers in Russia, Kazakhstan, Spain, the Philippines, Indonesia, Vietnam and India and operates the own EU-based p2p investment platform. The group develops products completely in-house using artificial intelligence, machine learning and data-driven technologies to provide precise and comprehensive risk management, comfort and speed for customers and efficiency for business.
robocash.group/

This release was published on openPR.