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.