According to Experts.news, Ukrainians’ total debt to microfinance organizations (MFOs) reached 32.32 billion UAH as of July 1, 2026, an increase of 17%—or 4.7 billion UAH—since the beginning of the year. At the same time, the number of court cases filed by the largest players in the microcredit market rose significantly in 2026, according to data from the analytical service “OpenDataBot” published on September 1 and October 28.
According to statistics from the National Bank of Ukraine, during the first half of 2026, the population entered into 4,196,309 contracts with microfinance organizations totaling 37.5 billion UAH.
At the same time, the number of loans issued did not change significantly compared to last year and amounted to approximately 700,000 contracts per month.
The main change is related to an increase in the average loan amount.
In the second quarter of 2026, it reached 9,170 UAH, compared to approximately 6,290 UAH during the same period in 2025. Thus, the average microloan increased by nearly one and a half times.
At the same time, the total debt of the population to MFIs continued to grow.
As of the end of 2022, microloan debt stood at approximately 8 billion UAH. However, starting in 2023, this figure began to rise, exceeding 32 billion UAH by mid-2026.
The growth in lending volumes has been accompanied by an increase in revenue for the largest microfinance companies.
According to OpenDataBot, the combined revenue of Ukraine’s ten largest MFIs for January–June 2026 totaled 12.78 billion UAH, while their combined profit amounted to 1.16 billion UAH.
“Ukr Credit Finance,” operating under the CreditKasa brand, took first place in terms of revenue with 1.99 billion UAH. The company’s profit amounted to 172.6 million UAH.
“E Groshi” took second place in revenue among MFOs with 1.85 billion UAH, while “Spotzhyvchyi Tsentr,” operating under the “ShvydkoGroshi” brand, took third place with 1.52 billion UAH.
At the same time, “Spotzhyvchyi Tsentr” was the most profitable company among the top ten MFOs, with a profit of 361.3 million UAH for the first half of the year.
According to the ranking of corporate plaintiffs published on October 28, “Ukr Credit Finance” also ranks first in Ukraine in terms of the number of new court cases.
In the first half of 2026, 80,421 cases were filed based on its claims, compared to approximately 23,000 for the entire year of 2025.
“Consumer Center” ranks second with 68,076 cases, which is 36% more than in the full previous year.
Thus, the two companies, which are among the largest players in the microcredit market in terms of financial indicators, have also become leaders in the number of court cases filed.
Vasyl Krat, a judge on the Supreme Court of Ukraine, attributes the high number of credit disputes, in particular, to the lack of a fully-fledged out-of-court mechanism that would simultaneously ensure the collection of legitimate debts and protect citizens from excessive interest rates.
He also draws attention to the financial difficulties faced by the population amid a full-scale war, when the loss of income and property increases the need for short-term loans but simultaneously limits the ability to repay them.
At the same time, debt indicators and the number of court cases cannot be directly equated.
MFI statistics reflect borrowers’ aggregate financial obligations as of a specific date, whereas the ranking of corporate plaintiffs takes into account the number of pending court cases. It does not include data on the amounts of claims, their resolution, or the amounts actually recovered.
Furthermore, the study does not establish a direct cause-and-effect relationship between the growth in debt to MFIs and the number of lawsuits filed against specific companies.
At the same time, the combination of an increase in the average size of microloans, total household debt, and creditors’ litigation activity indicates the growing significance of the consumer debt problem for Ukraine’s financial market.
Microfinance organizations are participants in the non-bank financial market and primarily provide short-term consumer loans to the public. The National Bank of Ukraine regulates and supervises their activities.
Sources: “OpenDataBot,” microcredit statistics as of September 1, 2026; “OpenDataBot,” ranking of corporate plaintiffs as of October 28, 2026; Supreme Court of Ukraine, commentary on interest rates on consumer loans.
