Africa

ECLOF has been working in Africa since 1961. Today, ECLOF serves 62,000 clients in Africa. 52% of them are women and 63% 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: 42% 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 13.3 million outstanding portfolio
63,006 clients

USD 198 average group loan
USD 820 average individual loan
USD 7,419 average institutional loan

26 branches
315 staff
54% loan officers

Loan Portfolio Composition

90%

Group

8%

Individual

2%

Institutional

Social Outreach

52%

Women

42%

Youth

63%

Rural

25%

Agricultural

ECLOF in Africa

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