In August 2024, Cascade clients observed a further decline in loan volume, while outstanding balances continued to see a modest increase. Delinquency metrics presented a mixed picture: Par 30 and Par 60 rates rose, indicating growing repayment challenges, while Par 90 showed a slight improvement. The collection rate dropped, highlighting ongoing difficulties in recovering overdue payments. Loan terms shortened somewhat, and interest rates remained relatively stable with a minor increase. Overall, the data indicates increasing pressures on loan performance and collections, emphasizing the need for focused risk management strategies.
A full breakdown of the calculations for these metrics is available here.
| Indicator | August MoM |
|---|---|
| Volume | -8.93% |
| Outstanding Balance | 1.14% |
| Par 30 | 1.24% |
| Par 60 | 0.68% |
| Par 90 | -0.16% |
| Collection Rate | -9.16% |
| Term | -1.21% |
| Interest | 0.08% |