Kiva conducts regular, ongoing monitoring of all Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Sep 13, 2019 Oct 12, 2005
Total Loans $429,650 $1,360,537,950
Amount of raised Inactive loans $0 $1,150,175
Number of raised Inactive loans 0 1,581
Amount of Paying Back Loans $429,075 $140,087,575
Number of Paying Back Loans 2,949 184,801
Amount of Ended Loans $575 $1,219,300,200
Number of Ended Loans 4 1,572,622
Delinquency Rate 0.00% 10.25%
Amount in Arrears $0 $8,851,792
Outstanding Portfolio $338,716 $86,386,391
Number of Loans Delinquent 0 38,997
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $21,461,827
Number of Ended Loans Defaulted 0 52,032
Currency Exchange Loss Rate 0.00% 0.38%
Amount of Currency Exchange Loss $0 $5,220,494
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $8,096,475
Number of Refunded Loans 0 8,057

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.65% 76.44%
Average Loan Size $146 $393
Average Individual Loan Size $146 $609
Average Group Loan Size $0 $1,758
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,768
Average Loan Size / GDP per capita (PPP) 8.08% 6.81%
Average Time to Fund a Loan 3.02 days 7.1 days
Average Dollars Raised Per Day Per Loan $48.12 $55.37
  Average Loan Term 6.75 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 806,242
  Journaling Rate 0.00% 43.00%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.79

Borrowing Cost Comparison (based on 2019 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 25.46% PY
  Profitability (return on assets) -288.77% 0.5% -2.32%
  Average Loan Size (% of per capita income) N/A 56.00% 13.08%

Country Fast Facts

Field Partner Staff

Peter Githinji
Caroline Greves
Joel Haasnoot
Henry Kahara
Mary Kinuthia
Brett Mangel
Elizabeth Mastors
Judy mwavali
Robin Pollak
API Repayment Reporting
Earl St. Sauver
Lucy Triedman