As of July 1, 2026, Ukrainians’ debt to microfinance organizations reached 32.32 billion UAH, an increase of 4.7 billion UAH, or 17%, since the beginning of the year, according to data from the National Bank of Ukraine analyzed by OpenDataBot.
In the first half of the year, Ukrainians entered into 4.196 million loan agreements with MFOs totaling 37.5 billion UAH. At the same time, the number of microloans issued remained virtually unchanged compared to last year—approximately 700,000 agreements were signed each month.
The main change was an increase in the amount borrowers are taking out from MFIs. In the second quarter, the average microloan amount reached 9,170 UAH, compared to about 6,290 UAH a year earlier. Thus, over the course of the year, the average loan amount increased by approximately 46%.
The current trend differs significantly from that seen in the first months of the full-scale war. By the end of 2022, total microloan debt had fallen to approximately 8 billion UAH, but it began to rise again in 2023. The current figure is already more than four times higher than the level at the end of 2022.
The rise in debt is primarily due not to an increase in the number of loans, but to a rise in the average amount per contract. This may indicate both an increase in the population’s need for short-term financing and a general nominal rise in prices and incomes.
At the same time, microloans remain one of the most expensive forms of consumer financing. To assess the actual cost of a loan, consumers should focus not only on the advertised daily rate but also on the real annual percentage rate and the total amount of payments specified in the loan agreement.
The National Bank regulates and supervises financial companies within the non-bank financial services market and publishes their quarterly supervisory statistics.
The primary source of data is the National Bank of Ukraine. This OpenDataBot analysis was published on September 1, 2026.
