Latin America

ECLOF has been working in Latin America since 1969 when ECLOF Argentina was opened. Today, ECLOF serves 22,700 clients in Latin American and the Caribbean. 73% of them are women and 23% live in rural areas. The majority of loans are given to individual borrowers, one in five of them is younger than 30. In Latin America, ECLOF addresses both rural and vulnerable urban areas.

Given the high level of urbanization and the increasing rural exodus Latin American societies face, ECLOF aims to create conditions in rural and agricultural communities that will entice young people to stay, while it also helps impoverished urban populations establish a productive activity or address pressing needs like that for decent housing. Examples are the training program on responsible use of fertilizers provided by ECLOF in Colombia and the award-winning home improvement program in the Dominican Republic.

Key data

USD 14.9 million outstanding portfolio
22,683 clients

USD 402 average group loan
USD 703 average individual loan
USD 2,117 average institutional loan

16 branches
225 staff
44% loan officers

Loan Portfolio Composition

17%

Group

75%

Individual

8%

Institutional

Social Outreach

73%

Women

20%

Youth

23%

Rural

4%

Agricultural

ECLOF in Latin America

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