Fundraising Status:inactive
Risk Rating:
What to know about this Lending Partner
Impact Category:
Agriculture
Default Rate:
17.68%
Currency Exchange Loss Rate:
0.24%
Total Loans Raised:
$2,586,625
Loans at Risk Rate:
0%
Kiva Borrowers:
20,643
Delinquency Rate:
0%
Interests and Fees:
N/A
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.