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 $1,552,325 $1,543,559,145
Amount of raised Inactive loans $0 $597,925
Number of raised Inactive loans 0 423
Amount of Paying Back Loans $821,600 $159,960,170
Number of Paying Back Loans 4,867 195,212
Amount of Ended Loans $730,725 $1,383,001,050
Number of Ended Loans 4,912 1,822,054
Delinquency Rate 11.10% 17.52%
Amount in Arrears $79,643 $17,458,092
Outstanding Portfolio $717,677 $99,644,677
Number of Loans Delinquent 958 58,386
Default Rate 18.08% 1.71%
Amount of Ended Loans Defaulted $132,105 $23,625,429
Number of Ended Loans Defaulted 1,519 58,905
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,567,372
Refund Rate 0.01% 0.61%
Amount of Refunded Loans $150 $9,414,725
Number of Refunded Loans 6 8,750

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 45.66% 77.18%
Average Loan Size $159 $391
Average Individual Loan Size $159 $604
Average Group Loan Size $0 $1,779
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,800 $5,692
Average Loan Size / GDP per capita (PPP) 8.81% 6.87%
Average Time to Fund a Loan 7.87 days 7.93 days
Average Dollars Raised Per Day Per Loan $20.17 $49.36
  Average Loan Term 8.8 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 950,600
  Journaling Rate 0.00% 42.86%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

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 25.78% PY
  Profitability (return on assets) -37.2% 0.5% -1.11%
  Average Loan Size (% of per capita income) N/A 56.00% 11.51%

Country Fast Facts

Field Partner Staff

Peter Githinji
Caroline Greves
Joel Haasnoot
Henry Kahara
Elizabeth Mastors
Judy mwavali
Robin Pollak
API Repayment Reporting
Earl St. Sauver
Lucy Triedman
Sarah Waceke