Apollo Agriculture
Approved to post Kiva loans from: Kenya
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.
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 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $0 | $154,628,025 | |
Number of Paying Back Loans | 0 | 186,271 | |
Amount of Ended Loans | $2,586,625 | $1,851,013,910 | |
Number of Ended Loans | 15,144 | 2,491,542 | |
Delinquency Rate | 0.00% | 12.11% | |
Amount in Arrears | $0 | $11,277,316 | |
Outstanding Portfolio | $4,725 | $93,149,537 | |
Number of Loans Delinquent | 0 | 54,545 | |
Default Rate | 17.68% | 1.82% | |
Amount of Ended Loans Defaulted | $457,234 | $33,742,451 | |
Number of Ended Loans Defaulted | 5,493 | 88,997 | |
Currency Exchange Loss Rate | 0.24% | 0.47% | |
Amount of Currency Exchange Loss | $6,142 | $12,725,634 | |
Refund Rate | 0.01% | 0.53% | |
Amount of Refunded Loans | $150 | $10,938,345 | |
Number of Refunded Loans | 6 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 44.81% | 78.48% | |
---|---|---|---|
Average Loan Size | $171 | $393 | |
Average Individual Loan Size | $171 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,800 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 9.49% | 7.02% | |
Average Time to Fund a Loan | 8.83 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $19.33 | $43.09 | |
Average Loan Term | 8.48 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
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% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 56.00% | 0.00% |
Country Fast Facts
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official)
- Population:
- 45,010,056
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 75%, industry and services: 25%
- Population Below Poverty Line:
- 43.40%
- Literacy Rate:
- 87.40%
- Infant Mortality Rate (per 1000):
- 40.71 deaths
- Life Expectancy:
- 63.52 years
Lending Partner Staff
Akshay ChandrasekharJoel Haasnoot
Beatrice Inyanza
Mary Kinuthia
Erick Majau
Judy mwavali
Evelyne Nyoike
Robin Pollak
Investor Relations
Hillary Sang
Earl St. Sauver
Sarah Waceke