In Belarus, the permissible debt burden ratio for loans on goods (works, services) produced domestically, excluding motor vehicles, has been raised from 40% to 50%. The new rules also apply to leasing contracts where the leased items are the aforementioned goods.

In addition, the maximum number of microloans secured by movable property has been increased from 10 to 20 base units, for which microfinance organizations are not required to calculate the borrower’s debt burden ratio.

The changes are aimed at improving access to these types of financing, the National Bank said.