Africa

ECLOF has been working in Africa since 1961. Today, ECLOF serves around 63,000 clients in Africa. 56% of them are women and 64% live in rural areas. Most loans are given to solidarity groups of like-minded entrepreneurs or farmers coming together to learn from each other, co-guarantee each other’s loan and grow together.

One of Africa’s greatest untapped resources is its young population. This is reflected in ECLOF’s target group in Africa: 38% of our clients are below the age of 30. ECLOF’s loans and non-financial services provide youth with opportunities to develop their own business, confront poverty and lead dignified lives. ECLOF’s services comprise combined loans and training for water & sanitation, courses on financial literacy and the use of insurance.

Key data

USD 11.6 million outstanding portfolio
62,860 clients

USD 164 average group loan
USD 1,073 average individual loan
USD 4,396 average institutional loan

26 branches
317 staff
51% loan officers

Loan Portfolio Composition

87%

Group

12%

Individual

1%

Institutional

Social Outreach

56%

Women

38%

Youth

64%

Rural

23%

Agricultural

ECLOF in Africa

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