In September 2024, Cascade clients experienced a slight decline in loan volume, while outstanding balances saw a stronger increase. Delinquency metrics worsened, with Par 30, Par 60, and Par 90 rates all rising, indicating increased repayment difficulties. The collection rate also dropped significantly, highlighting continued challenges in recovering overdue payments. On the positive side, loan terms shortened notably, and interest rates saw a considerable rise. Overall, while there are some positive shifts in loan terms and interest, growing delinquency and collection issues require close monitoring and proactive risk management.
A full breakdown of the calculations for these metrics is available here.
| Indicator | September MoM |
|---|---|
| Volume | -2.70% |
| Outstanding Balance | 2.48% |
| Par 30 | 2.11% |
| Par 60 | 0.86% |
| Par 90 | 0.75% |
| Collection Rate | -6.52% |
| Term | -4.50% |
| Interest | 2.33% |