The average loan amount last year was UAH 6,217
In 2024, Ukrainians took out 8.3 million microloans worth almost UAH 52 billion, according to the National Bank of Ukraine. This is 27% more than in 2023. The average microloan amount last year was UAH 6,217. In total, Ukrainians owe microfinance organizations (MFIs) more than UAH 15.77 billion as of the beginning of 2025.
Ukrainians signed more than 8.3 million loan agreements totaling UAH 51.69 billion in 2024. Although the number of agreements issued remained almost unchanged compared to 2023, the volume of loans increased by as much as 27%.
The average microloan amount also increased by 26% over the year. While in 2023, MFIs lent an average of UAH 4,926, last year the average loan was already at UAH 6,217.
On average, microcredit organizations issued 693 thousand loans per month, but the number of microloans varied from month to month. Most microloans were taken out in the third quarter: about 729 thousand loans per month. At the end of the year, borrowing decreased to about 691 thousand loans per month, but people began to close their accumulated debts.
Thus, last year Ukrainians not only took out more loans but also accumulated debts. Over the first three quarters, microloan debt doubled: from UAH 9.3 billion to UAH 18.47 billion. By the end of the year, the debt had decreased by UAH 2.7 billion. However, this did not help improve the overall picture: the debt to MFIs at the beginning of this year amounted to UAH 15.77 billion. This is 1.7 times or UAH 6.47 billion more than at the beginning of 2024.
https://opendatabot.ua/analytics/mfo-2024
