Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:
Apollo Agriculture is an agricultural technology company founded to help smallholder farmers maximize their profits. Apollo uses automated operations and machine learning to deliver tools and financing to farmers who are chronically inaccessible to most service providers, and therefore cannot access credit, make productive investments, and increase their yields. By reducing the expense and operational complexity of smallholder lending and extension services, Apollo aims to finance even the most remote of Africa’s 50 million smallholder farmers in a financially sustainable way. 
 
A unique lending approach:
Apollo Agriculture uses Kiva financing to underwrite its customized input packages. A vertically integrated digital approach allows Apollo to serve customers cheaply throughout the customer lifecycle -- from acquisition and underwriting through providing extension services and collecting repayment -- without reliance on expensive human resources and manual processes. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 13, 2019 Oct 12, 2005
Total Loans $2,586,625 $2,040,080,360
Amount of raised Inactive loans $0 $565,830
Number of raised Inactive loans 0 459
Amount of Paying Back Loans $0 $155,797,470
Number of Paying Back Loans 0 187,495
Amount of Ended Loans $2,586,625 $1,842,928,565
Number of Ended Loans 15,144 2,481,804
Delinquency Rate 0.00% 13.31%
Amount in Arrears $0 $12,620,555
Outstanding Portfolio $4,725 $94,833,317
Number of Loans Delinquent 0 67,667
Default Rate 17.68% 1.82%
Amount of Ended Loans Defaulted $457,234 $33,629,436
Number of Ended Loans Defaulted 5,493 88,860
Currency Exchange Loss Rate 0.24% 0.47%
Amount of Currency Exchange Loss $6,142 $12,608,670
Refund Rate 0.01% 0.54%
Amount of Refunded Loans $150 $10,935,995
Number of Refunded Loans 6 9,668

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 44.81% 78.46%
Average Loan Size $171 $393
Average Individual Loan Size $171 $586
Average Group Loan Size $0 $1,909
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,800 $5,594
Average Loan Size / GDP per capita (PPP) 9.49% 7.02%
Average Time to Fund a Loan 8.83 days 9.1 days
Average Dollars Raised Per Day Per Loan $19.33 $43.13
  Average Loan Term 8.48 months 11.49 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,215,752
  Journaling Rate 0.00% 41.91%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.56

Borrowing Cost Comparison (based on 2019 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 26.44% PY
  Profitability (return on assets) -37.08% 0.5% -1.31%
  Average Loan Size (% of per capita income) N/A 56.00% 0.00%

Country Fast Facts

Lending Partner Staff

Akshay Chandrasekhar
Joel Haasnoot
Beatrice Inyanza
Mary Kinuthia
Erick Majau
Judy mwavali
Evelyne Nyoike
Robin Pollak
Investor Relations
Hillary Sang
Earl St. Sauver
Sarah Waceke