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
Cycle Connect's asset financing has the distinct ability to:
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.
Farmer income gains can reach 65% (annual + asset impact) with asset loans & training.
1 in 3 customers start new businesses after getting their bicycle, and 75% use the bike in their business.
66% of customers are women using the bike to collect clean water for their household, boost income, and take their children to school.
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
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.”
“I like Cycle Connect because they are very fast. It took me just one week to be approved for my loan.”
“Cycle Connect has chased poverty away from my house.”
“Cycle Connect has opened my eyes.”