Couple of notes on Ukrainians’ propensity to borrow

According to reports from local collectors, on average 65% of the total number of debtors, as a rule, are residents of large cities. (Surely, for each bank this figure may vary).

Collectors say that residents of small cities and villages are less likely to study loan contracts thoroughly, therefore the amount of penalties and similar additional payments are often surprise for them.

Also, because the debtors in the cities tend to have higher income levels, their frequency and amount of loan repayments is higher. In rural areas, it is common that loans are taken by the borrower who initially can not afford it, yielding to momentary impulse.

The structure of the debts of the inhabitants of large cities and smaller settlements is similar - the lion's share of them are small retail loans and debts on credit cards.