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 3.15 million outstanding portfolio
2,945 clients

USD 1,027 average individual loan
USD 1,266 average institutional loan

Established in 1999
Head office in Etchmiadzin
5 branches
36 staff
50% loan officers

Loan Portfolio Composition

0%

Group

79%

Individual

21%

Institutional

Social Outreach

49%

Women

22%

Youth

100%

Rural

39%

Agricultural

Publications

Contact information

ECLOF Armenia – UCO

Mr Stepan Torosyan
Executive Director

2/1 Bagramyan str.
Etchmiadzin 1105
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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