Africa

ECLOF has been working in Africa since 1961 when ECLOF Tanzania was opened. Today, ECLOF serves 64,000 clients in Africa. 57% of them are women and 56% 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: 44% 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 13.1 million outstanding portfolio
63,873 clients

USD 187 average group loan
USD 2,210 average individual loan
USD 7,420 average institutional loan

31 branches
388 staff
51% loan officers

Loan Portfolio Composition

91%

Group

7%

Individual

2%

Institutional

Social Outreach

57%

Women

44%

Youth

56%

Rural

21%

Agricultural

ECLOF in Africa

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