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 $1,009,250 $1,497,678,775
Amount of raised Inactive loans $350 $182,775
Number of raised Inactive loans 4 154
Amount of Paying Back Loans $395,500 $155,202,075
Number of Paying Back Loans 2,879 189,784
Amount of Ended Loans $613,400 $1,342,293,925
Number of Ended Loans 4,104 1,760,590
Delinquency Rate 34.02% 22.21%
Amount in Arrears $106,326 $22,011,011
Outstanding Portfolio $188,471 $99,125,494
Number of Loans Delinquent 1,136 99,703
Default Rate 21.75% 1.74%
Amount of Ended Loans Defaulted $133,405 $23,350,638
Number of Ended Loans Defaulted 1,525 58,028
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,269,398
Refund Rate 0.01% 0.62%
Amount of Refunded Loans $150 $9,336,825
Number of Refunded Loans 6 8,666

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 45.78% 76.92%
Average Loan Size $144 $393
Average Individual Loan Size $144 $606
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,800 $5,707
Average Loan Size / GDP per capita (PPP) 8.02% 6.89%
Average Time to Fund a Loan 3.27 days 7.8 days
Average Dollars Raised Per Day Per Loan $44.08 $50.42
  Average Loan Term 8.76 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 933,016
  Journaling Rate 0.00% 43.15%
  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 26.39% PY
  Profitability (return on assets) -37.2% 0.5% -0.71%
  Average Loan Size (% of per capita income) N/A 56.00% 12.11%

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