In July 2024, Cascade clients experienced a further decline in loan volume, while outstanding balances continued to grow slightly. Delinquency metrics showed increased pressure, with Par 30, Par 60, and Par 90 rates all rising, indicating more challenges in repayment. The collection rate also dropped again, highlighting ongoing issues with recovering overdue payments. Loan terms lengthened considerably, and interest rates saw a moderate increase. Overall, the data suggests growing concerns in loan performance and collection, requiring close attention and proactive measures to manage these risks.
A full breakdown of the calculations for these metrics is available here.
| Indicator | July MoM |
|---|---|
| Volume | -6.76% |
| Outstanding Balance | 0.75% |
| Par 30 | 1.25% |
| Par 60 | 0.22% |
| Par 90 | 0.31% |
| Collection Rate | -3.63% |
| Term | 2.91% |
| Interest | 0.67% |