90% of microloans are taken online
Ukrainians are taking fewer microloans than before the full-scale war. Almost 6 million loans from microfinance organizations (MFIs) totaling UAH 37.11 billion were taken out by Ukrainians in 9 months of 2024. The average loan amount increased by 1.3 times compared to the same period last year to UAH 6,190. And the total debt on microloans has almost doubled since the beginning of the year.
Ukrainians have taken out 5.9 million microloans this year. The amount of loans disbursed reached UAH 37.11 billion. Although the number of loans remained almost unchanged compared to last year, the amount of loans disbursed increased 1.3 times.
The average microloan amount increased by 28% over the year: from UAH 4,830 ($126) last year to UAH 6,190 (approximately $150) this year. It is worth noting that compared to 2021, the amount of a microloan in equivalent terms has even slightly decreased: at that time, Ukrainians borrowed an average of $168.
670 thousand agreements are concluded on average every month this year, the same as last year. For comparison, in 2021, this figure reached 1.2 million per month.
Since the beginning of this year, the total amount of Ukrainians’ microloan debt has increased 1.7 times: from UAH 9.3 billion to UAH 16.02 billion.
It is worth noting that 90% of microloans this year were taken out online, and most agreements were concluded for a period of 3 months to 1 year.
https://opendatabot.ua/analytics/mfo-2024-3
