ECLOF Armenia

ECLOF Armenia is registered as a Universal Credit Organization and owned jointly by local ECLOF Foundation and ECLOF International. Based in the town of Echmiadzin and with a network of branches in different regions of the country, ECLOF specifically targets communities that are economically underdeveloped, close to the country-border or populated with refugees. The farmers and micro and small enterprises ECLOF Armenia serves, reside exclusively in rural areas.

Head Office: Etchmiadzin
Branches

Key data

USD 2.4 million outstanding portfolio
2,914 clients

USD 119 average group loan
USD 730 average individual loan
USD 3,136 average institutional loan

Established in 1999
Head office in Etchmiadzin
4 branches
32 staff
56% loan officers

Loan Portfolio Composition

1%

Group

85%

Individual

14%

Institutional

Social Outreach

53%

Women

23%

Youth

100%

Rural

34%

Agricultural

Client Stories

Articles

Publications

Contact information

ECLOF Armenia – UCO

Mr Stepan Torosyan
Acting Executive Director

2/1 Bagramyan str.
Etchmiadzin 1101
Republic of Armenia

Email: eclof@eclof.am
Website: www.eclof.am
Phone: +374 60 37 30 60
Fax: +374 60 37 30 61

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