---
title: "EuroGroshi | Success Story | HES FinTech"
description: "HES created an automated lending system, allowing it to issue quick underwriting responses and design customized loyalty programs. ✔ Success Story - EuroGroshi"
url: "https://hesfintech.com/clients/eurogroshi/"
updated: 2026-09-09
---

LoanBox & Euro Groshi

# Euro Groshi grows online applications by 75%

Euro Groshi sources direct investments from the EU for individual clients all across the Ukraine. Through its stated mission to make the lending process in the Ukraine more straightforward, transparent, and time-efficient, the microfinance organization offers its customers quick and easy access to online payday loans.

Founded in

2016

Markets

Ukraine

Team size

45

Type

Microfinance Lending

Website

[e-groshi.ua](https://e-groshi.com/)

**2.5 mo.** Time-to-market

30-40%

More customers in the first three months

**75%** of customers apply online

Challenge

## Meet the European lending standards

Euro Groshi needed to implement and comply with European money lending standards. The company was planning to operate online without any physical branches and was looking for a field-proven technology solution for [payday loan management](https://hesfintech.com/payday-loan-software/) .

It took us 10 weeks to go live and start originating hundreds of quality loans per day.

Vladimir Khorvyak

CEO at EuroGroshi

Approach

## Robust functionality combined with well-thought-out UI/UX

HES not only fulfilled all functional requirements expected behind the scenes, but also created a user-friendly UI experience for Euro Groshi's clients. Now, HES LoanBox handles multiple loan workflows in a single automated environment.

Result

## Online customer acquisition and loan decisions in minutes

HES LoanBox gives Euro Groshi a competitive edge by allowing it to make quick underwriting responses and design customized loyalty programs. The credit application process for new customers takes no more than 15 minutes. Repeat customers receive loan decisions within 5 to 10 minutes.

Application · Onboarding · Contracts

With no physical branches or servicing locations, Euro Groshi focuses on perfecting the online lending experience while maintaining a personal touch.

[Download PDF version](https://hesfintech.com/wp-content/themes/hesfintech_eng/docs/cases/euro_groshi_success_story.pdf)

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