Since the beginning of the year, Ukrainians have accumulated more than 32.3 billion hryvnias in microloan debt
As of early July 2026, Ukrainians’ total debt to microfinance organizations (MFOs) had reached 32.3 billion hryvnias. Since the beginning of the year, this figure has increased by 4.7 billion hryvnias, or 17 percent.
The scale of the debt is comparable to the capital city’s budget. 32.3 billion hryvnia is nearly one-third of Kyiv’s annual revenue, which is expected to total approximately 106.4 billion hryvnia in 2026.
At the same time, Ukrainians continue to actively take out new microloans. In the first half of 2026, citizens took out 37.5 billion hryvnias in loans from MFIs.
Thus, in just six months, the volume of new microloans exceeded the total debt owed to MFIs as of early July.
At the same time, the average size of microloans is increasing. Ukrainians have begun borrowing larger amounts from MFIs, which directly affects the total amount of debt.
Microfinance organizations remain one of the fastest ways to get money without the lengthy process of applying for a bank loan.
At the same time, microloans can be expensive, and late payments can lead to a significant increase in the amount of debt.
The rise in debt indicates that Ukrainians are increasingly turning to microloans to cover their current financial needs.
By comparison, at the beginning of 2023, Ukrainians’ total debt to MFOs stood at about 8 billion hryvnias. Over the course of a few years, it has increased significantly.
It is worth noting that the mere fact of receiving money from parents, children, or other relatives onto a bank card is not in itself grounds for the card to be blocked.
At the same time, an unusually large amount or regular deposits may attract the bank’s attention. In such a case, the financial institution may ask the customer to confirm the source of the funds.
Therefore, in the case of significant or systematic transfers, it is important to have documents or other proof of the money’s lawful origin.
This is evidenced by data from “OpenDataBot.”
Recently, the National Bank of Ukraine revoked the licenses of three credit unions—“Nadiya,” “Samopomich,” and “Oberig”—and removed them from the State Register of Financial Institutions.
JSC “Sens Bank” appears in the case files of the “Forest Gump” investigation as one of the channels through which funds were transferred in connection with the payment of a 150 million hryvnia bail bond for former Energy Minister Herman Halushchenko. This was reported on August 19 by People’s Deputy Yaroslav Zheleznyak, who disclosed details from the investigation materials.
Danylo Getmantsev, chairman of the parliamentary committee on finance, tax, and customs policy, categorically denied any involvement in attempts to gain control over Sens Bank or in the new criminal proceedings initiated by NABU and the Special Anti-Corruption Prosecutor’s Office (SAPO).
