MigCredit

MigCredit is one of the largest companies in the microfinance market, specializing in providing loans to individuals who, for some reason, cannot receive loans from banks or those whose financial resources are limited.

History

2026: Completion of Offer for Exchange-Traded 002MC-03 Series Bonds

MFC MigCredit completed the offer on exchange-traded bonds of the 002MC-03 series, demonstrating a high level of investor confidence. The company announced this on January 14, 2026.

The holders of 87% of the total debt participating in the offer agreed to the new conditions and remained in the capital of MigCredit. This result was a strong expression of the investment community's confidence in the sustainability of the company's business model, its long-term prospects and corporate governance quality, despite unprecedented regulatory pressure on the microfinance market in 2026.

The offer was announced on December 24, 2025 with a proposal to set the coupon rate at 21.0% per annum for the entire remaining term of the securities. The rate was set below current market averages for similar instruments, but investors praised the proposed compromise: fixing attractive returns ahead of the expected Bank of Russia key rate cut cycle. The deadline for submitting applications ended on December 30, and the date of settlements and redemption of securities from investors who decided not to accept the new conditions was January 14, 2026.

The success of this offer is a significant signal for the entire market. It eloquently shows that investors share our vision, believe in the fundamental strength of the company and its ability to generate stable cash flow even in difficult external conditions. We sincerely thank our partners for their constructive dialogue and trust. This result allows us to optimize the debt structure, while maintaining a reliable and predictable funding base, "said Andrei Golodnyuk, head of the corporate finance department at MigCredit IFC.

He noted that the main advantage for investors who agreed to these conditions was the fixation of high yields at the level of "key rate + 5%" for the entire coming year, as well as protection against market volatility in the context of the expected easing of monetary policy, which could potentially lead to an increase in the market value of bonds with a permanent coupon.

For MigCredit, the successful offer confirms the presence of a wide pool of diversified funding sources and the absence of an urgent need to raise funds. The Company continues its consistent strategy of managing its debt portfolio, strengthening financial sustainability and maintaining an open dialogue with the investment community.

2025: Appointment of Alexander Pustovit as CEO

Alexander Pustovit has been appointed General Director of MigCredit IFC. The company announced this on February 11, 2025. Read more here.

2021

Criminal case against an employee in Yekaterinburg

Yekaterinburg In August 2021, a criminal case was opened against MigCredit employee Anastasia Teterina. She urged people to take out loans and appropriated them.

Teterina managed to deceive many , the bill goes to at least dozens. New statements continue to flow to the police until now.

1.2 million loans were issued for 44 billion rubles

By July 2021, the number of loans issued since the beginning of the company's work exceeded 1.2 million units for a total of 44 billion rubles.

2019: Credit rating from ACRA

In February 2019, MigCredit was the first among MFIs to receive a credit rating from ACRA.