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
USD 2.35 million outstanding portfolio 2,079 clients
USD 1,051 average individual loan USD 1,427 average institutional loan
Established in 1999 Head office in Etchmiadzin 5 branches 33 staff 51% loan officers
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