Every month, Ukrainians take about 724,000 microloans

Ukrainians signed over 2.17 million loan agreements with microfinance organizations (MFOs) in the first quarter of 2025. This is 8% more than during the same period last year. The total value of these loans reached ₴12.72 billion.

However, despite the growing number of loans, the average loan amount decreased for the first time in two years — by 2% compared to the same period last year. It now stands at 5,858 UAH. Before this, the average amount had only been increasing.

On average, Ukrainians took out 724,000 microloans per month in 2025 — slightly more than last year’s monthly average of 693,000.

As of April 1, 2025, Ukrainians owe microfinance organizations (MFOs) 24.28 billion UAH. This is twice as much as at the start of the full-scale war in April 2022. In just the first quarter of 2025, total debt grew by 4.3 billion UAH, or 22%.

It’s worth noting that, according to updated data from the National Bank of Ukraine (NBU), Ukrainians’ debt did not decrease by 2.7 billion UAH as reported earlier. Instead, it actually increased by 1.4 billion UAH at the end of 2024. Overall, in 2024, the total debt doubled—growing by 10.7 billion UAH.

63% of microloans are taken for a period of 93 days to 1 year. This share has remained almost the same. However, the number of long-term microloans (from 1 to 2 years) has grown 15 times. Their share is now 3.6%. Short-term loans (up to 31 days) have also become more popular—their share grew from 14.5% to 24%. Meanwhile, loans with a term of 32 to 92 days decreased more than fivefold—from 16.5% to 3%.