Since the beginning of 2024, Ukrainians have owed more than UAH 14.5 billion to microfinance organizations (MFIs). The volume increased by UAH 5.23 billion compared to last year.
As transmits Opendatabot, the average amount of a microloan increased by 1.4 times compared to last year and reached UAH 6,776. 96% of Ukrainians take microloans online this year.
3,945,098 credit agreements for a total amount of UAH 26.7 billion were concluded in the first half of 2024. The number of agreements during this period increased by only 1.5%, compared to the same period in 2023.
On average, 62% of loans are issued for a period of 3 months to a year. Short-term loans up to a month account for only 17% of loans. In 8%, microloans are taken for 3+ years.
In August, the National Bank applied influence measures to two financial companies — Ukr Credit Finance, under whose license the microcredit companies Credit Na Vse and CreditKasa operate, and Miloan, which issues microloans under the same brand — for violating legislation in the field financial services.
