ECLOF Armenia

What ECLOF Armenia does

ECLOF Armenia (legal name: ECLOF Universal Credit Organization LLC / ԷԿԼՕՖ ունիվերսալ վարկային կազմակերպություն ՍՊԸ) is a privately held microfinance institution headquartered in Vagharshapat (Ejmiatsin), Armavir Region, Armenia. Founded in 2006 by the ECLOF Foundation as part of the ECLOF International Global Family (headquartered in Geneva, Switzerland), the company holds Central Bank of Armenia License No. 17 and operates as a licensed Universal Credit Organization. With 28 employees and a network of branch offices across the Republic of Armenia, ECLOF Armenia provides diversified retail loan products to underserved agricultural, small-business, and consumer borrowers.

The company's product portfolio spans three core verticals: agricultural loans (individual, GFK program, Fast Agro), business/enterprise loans (GMF program, standard business, Fast Business), and consumer loans (secured, micro, express, Fast Consumer), supplemented by refinancing and a 'Green' loan product. Distribution is conducted through physical branches and a website (eclof.am) that hosts a credit calculator and financial-literacy content on credit history and scoring. The underlying technology is conventional web infrastructure with no proprietary AI/ML components disclosed.

ECLOF Armenia's revenue model is interest-based lending revenue from its loan portfolio, supplemented by refinancing fees. Pricing terms (interest rates, fees) are not publicly disclosed on the website. The company is a member of MFC (Microfinance Center for Central and Eastern Europe and New Independent States) and benefits from international network affiliation but has no public listing, no external private equity or venture capital shareholders, and no disclosed funding rounds — the entity is ultimately controlled through the ECLOF Foundation network.

Name

ECLOF Armenia

Legal name

ԷԿԼՕՖ Ունիվերսալ Վարկային Կազմակերպություն ՍՊԸ

Website

https://eclof.am

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

ECLOF Armenia is a licensed Universal Credit Organization providing agricultural, business, and consumer microfinance loans to underserved individuals, farmers, and small businesses across Armenia through a multi-branch network, as part of the ECLOF International network headquartered in Geneva.

Ownership category

akta.pro rank

Product category

Microfinance

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME, Microfinance & Financial Inclusion Facilities (BPADACAI)

akta.pro secondary industries

Agricultural & Rural Microfinance (FSAKAGAG), Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Microfinance lending
• Agricultural loans
• Consumer credit
• Small business loans
• Financial inclusion

Headquarters

HQ city

Vagharshapat (Ejmiatsin)

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Distribution channels1 record

Marketing channels2 records

Core offering

ECLOF Armenia is a licensed microfinance institution providing agricultural, business/enterprise, consumer, refinancing, and "green" loans to underserved individuals and small businesses across the Republic of Armenia through a multi-branch network. The organization delivers microfinance services under Central Bank of Armenia License No. 17 and operates supplementary tools such as an online credit calculator and credit-history education resources.

Product overview

ECLOF Armenia operates as a universal credit organization offering a comprehensive portfolio of loan products across four main categories: Agricultural Loans (including individual loans, GFK program loans, and Fast Agro loans), Business/Enterprise Loans (including GMF program loans, standard business loans, and Fast Business loans), Consumer Loans (including secured consumer loans, consumer micro loans, express consumer loans, and Fast Consumer loans), plus refinancing and green loan products. The organization also provides supplementary services such as a credit calculator tool and credit history education resources. Founded in 2006 and licensed by the Central Bank of Armenia, ECLOF Armenia serves as part of the ECLOF International Global Family network.

Differentiator

Problem solved

Functional benefit

Products and services

• Agricultural (Individual) Loan (Գյուղատնտեսական (անհատական) վարկ) Individual loan product offered to farmers and individuals for agricultural activities, including farming operations, equipment, seeds, and livestock financing.
• GFK Program Agricultural Loan (ԳՖԿ ծրագրի շրջանակներում տրամադրվող գյուղատնտեսական վարկ) Agricultural loan offered under the GFK program framework for participating farmers.
• Fast Agro Loan («Արագ Ագրո» վարկ) Expedited agricultural loan product offering quick financing for farmers with urgent funding needs.
• Refinancing Loan (Վերաֆինանսավորում) Loan product allowing existing borrowers to refinance outstanding debt obligations through ECLOF Armenia.
• Green Loan («Կանաչ» Վարկ) Loan product supporting green initiatives and environmentally sustainable projects.
• GMF Program Business Loan (ԳՄՖ ծրագրի շրջանակներում տրամադրվող ձեռնարկատիրական վարկ) Business loan offered under the GMF program framework for participating entrepreneurs and small businesses.
• Business (Enterprise) Loan (Բիզնես (ձեռնարկատիրական) վարկ) Standard business loan for enterprise development, working capital, equipment, and business growth.
• Fast Business Loan (Արագ Բիզնես վարկ) Expedited business loan offering quick capital access for businesses with urgent financing needs.
• Secured Consumer Loan (Գրավով սպառողական վարկ) Consumer loan backed by collateral for personal financial needs.
• Consumer Micro Loan (Սպառողական Միկրո) Micro consumer loan for small-ticket personal financing requirements.
• Express Consumer Loan (Էքսպրես սպառողական վարկ) Express consumer loan for rapid approval and disbursement to address urgent personal financial needs.
• Fast Consumer Loan (Արագ Սպառողական) Fast consumer loan for individual borrowers with urgent personal financing needs.
• Credit Calculator (Վարկային հաշվիչ) Online calculator tool available on the ECLOF Armenia website for prospective borrowers to estimate loan terms and payment schedules.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Central Bank of ArmeniacoreOthers · 17 October 2006The Central Bank of Armenia is the regulatory authority that licenses and oversees microfinance organizations in Armenia. ECLOF Armenia received License No. 17 on October 17, 2006, authorizing it to operate as a universal credit organization in the Republic of Armenia.
• ECLOF International Global FamilycoreStrategic or Co-development PartnerECLOF International Global Family, headquartered in Geneva, Switzerland, is the parent organization of the global ECLOF network. ECLOF Armenia was founded by the ECLOF Foundation, which is part of this international network dedicated to microfinance and financial inclusion.
• MFC (Microfinance Center for Central and Eastern Europe and New Independent States)coreStrategic or Co-development PartnerMFC is a regional microfinance center serving Central and Eastern Europe and New Independent States. ECLOF Armenia is a member of MFC, providing access to regional best practices, knowledge sharing, and networking within the microfinance sector.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Ardshinbank: A major Armenian universal bank with extensive SME and retail lending operations across the country — comparable as a broader incumbent competing for the same underbanked segments that ECLOF Armenia serves, but with a deposit-funded balance sheet and broader product suite.
• Ameriabank: One of the largest Armenian universal banks offering SME, agricultural, and consumer lending — a broader incumbent that increasingly overlaps with ECLOF Armenia's customer segments and is a key competitive benchmark for pricing, scale, and product breadth.

Direct peers

• Fast Credit / FAST (Armenian MFI): An Armenian CBA-licensed credit organization providing consumer and small-business microloans through a multi-branch network — directly comparable to ECLOF Armenia by regulatory status, product mix, and customer profile.
• ProCredit Bank Armenia: A development-oriented Armenian bank focused on SME and small-business lending, owned by the international ProCredit group — comparable to ECLOF Armenia in target customer (SMEs and small entrepreneurs) and mission-driven positioning, though operating under a full banking license.
• FINCA Armenia: One of the largest microfinance institutions in Armenia, offering agricultural, SME, and consumer loans to underserved borrowers through a multi-branch network — the closest direct peer to ECLOF Armenia by product mix, customer base, and regulatory category (CBA-licensed UCO).
• SEF International (Small Enterprise Foundation): An Armenian microfinance institution providing SME and microenterprise loans — a direct peer to ECLOF Armenia's business and Fast Business loan products, targeting the same underbanked entrepreneur segment in Armenia.
• CARD AgroCredit (now AgroCredit Armenia): An Armenian credit organization specializing in agricultural and rural lending to smallholder farmers and agribusinesses — directly comparable to ECLOF Armenia's agricultural and Fast Agro loan products and its rural-borrower segment.
• VisionFund Armenia (World Vision microfinance): A mission-driven Armenian microfinance institution affiliated with World Vision, providing small-ticket loans to rural and low-income households — directly comparable to ECLOF Armenia in product, customer base, and development-bank / impact-investor funding model.

Others

• MFC (Microfinance Centre for CEE & NIS): The regional microfinance industry association that ECLOF Armenia belongs to — not a competitor, but a sector-context peer whose member institutions across CEE/CIS represent the comparable peer set for benchmarking and capital flows.

Regional players

• ECLOF International network affiliates (e.g., ECLOF Kenya, ECLOF Philippines): Sister entities within ECLOF International's global microfinance network operating in other countries — they run the same mission-driven small-ticket credit model in different geographies, making them natural comparables for benchmarking product design, methodology, and operating practices.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/eclof-uco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ECLOF Armenia