OUR IMPACT

Breaking The Cycle Of Poverty

We Are 100% Focused On Breaking the Cycle of Poverty

Cycle Connect envisions a world where everyone living in the last mile has the means to thrive, not just survive. We are committed to equipping our clients with the necessary tools to break the cycle of poverty and to propel forward. We do this by increasing income for smallholder farmers through productive asset-financing and trainings.

IMPACT TO DATE

35%

INCOME INCREASE FOR OUR CLIENTS

75%

OF CLIENTS START A BUSINESS

5,000

CLIENTS SERVED

25,000

LIVES IMPACTED

Cycle Connect's asset financing has the distinct ability to:

Reduce poverty:

Economic growth from agriculture in sub-Saharan Africa is 11x more effective at reducing poverty than any other sector. (IFAD)

Provide access to credit:

82% of Ugandans rely on informal networks (if any) to secure necessary credit.

Increase income:

Farmer income gains can reach 65% (annual + asset impact) with asset loans & training.

Kick-start businesses:

1 in 3 customers start new businesses after getting their bicycle, and 75% use the bike in their business.

Empower women:

66% of customers are women using the bike to collect clean water for their household, boost income, and take their children to school.

Increase efficiency:

25% of the world's most arable land is in sub-Saharan Africa, but it only accounts for 10% of global agricultural outputs. (IFAD)

THE IMPACT OF OUR PRODUCTS

BICYCLES

A bicycle loan allows our clients to go farther to access critical resources such as water, education, and healthcare. With a bicycle, a client can carry 5x more crops, go 4x the distance, and increase their income by 35%.

OXEN & PLOW

An oxen & plow loan allows our clients to till twice the amount of land in half the amount of time. Not only can a loan help save on oxen rental fees, but the client is able to rent out his fleet with a profit of $550 per year for rental only.

GRINDING MACHINES

A grinding machine loan is a great business investment for our clients who want to start a business. The grinding machine increases income for the client and their family while also creating access for a whole community.

MOTORCYCLES

A motorcycle loan allows our clients to go farther and faster than ever before. With a motorcycle, our clients can carry more crops to the market, save on travel costs, and increase their income through starting a taxi company.

LIFECYCLE OF OUR CLIENTS

We’re committed to journey with customers who grow alongside our company. Customers we can invest in – year over year – and work with to accelerate income growth for their families. Our growing portfolio gives our clients the ability to continuously invest in their future to generate the highest level of impact.

 

  • “I have seen my income greatly increase.”
    Ojok James
  • “I like Cycle Connect because they are very fast. It took me just one week to be approved for my loan.”
    Oyet Jimmy
  • “Cycle Connect has chased poverty away from my house.”
    Lamaro Kevin
  • “Cycle Connect has opened my eyes.”
    Okidi Roberts

CLIENT STORIES →