In Russia the first of January begins to operate the last stage limits the limit of debt on the consumer credits and loans. The maximum size of % on loans for up to one year shall not exceed the debt itself is more than 1.5 times. The limitation applies to penalties, including fines and penalties, and charges for the service rendered by the lender to a borrower for a fee under the contract of consumer credit. The tightening of consumer loans began in January 2019. During this period of time the Maximum size of the % has decreased by half, the daily interest rate is limited by the level of one percent, and also introduced a special financial product as an alternative to the " loans to wage ". These measures are aimed in the 1st turn, the microfinance market. Director-regulatory organization " Mir "Elena Stratieva said Last news that already limits led to the decrease in the number of players in the market, the tightening credit assessment of borrowers, and also narrowed the gap conditions between" loans to wage ", and loans in the segment of installments, i.e. large loans for a longer period. "The latest trend, in our opinion, bipolar: caused not only by the proposal of the institutions themselves, changing the rules proposals, but also the desire of the customers of financial services. After establishing the daily interest rate 1% loans became cheaper and people began to focus on more long time use of funds and their large amount. In the future we expect that this process will continue, " she said. The microloan portfolio will continue to grow despite the entry into force of a new stage of regulation, as "preconditions to reduce the popularity of loans from the citizens of Russia in the current macroeconomic context just yet," said Stratieva. The Chairman of the Central Bank Vladimir chistyukhin in November, said the regulator until no plans new tightening on the microfinance market and the impact of already enacted changes will appreciate the 2nd part of 2020. <span style="color:darkgray