CYCLE CONNECT 2019

Find all of our updated impact stats for 2019 in one place.

PRODUCTIVE ASSET LOANS DISTRIBUTED IN 2019 TO DATE

Updated September 2019

CYCLE CONNECT 2019 GOALS

At the beginning of 2019, Cycle Connect set off with a list of development goals to achieve to further our operations. Listed below are our top goals with updated tracking of where we are at in achieving each of those goals.

1,500

Distribute 2,500 Productive Assets

7,500   

Impact 12,500 Rural Lives

10

Create 15 Jobs

  • LOANS DISTRIBUTED

    Cycle Connect's goal is to distribute 2,500 productive assets in 2019. These productive assets include bicycles, oxen and plow, motorcycle, and grinding machine loans.

    All of our products are tested and validated for their ability to increase income. Each of our loan products are proven to increase income by 30% or more.

  • person LIVES IMPACTED

    At Cycle Connect, our loans not only have a positive affect on the clients we work with but also have a strong impact on their families and their communities.

    For every product we finance, we assume that product is also impacting five other people (average household size in Uganda) and sometimes even more. For example, our grinding machine loans can create access for an entire farming community if it is the only machine for miles.

  • JOB CREATION

    As our operations grow, our team must also grow.

    At Cycle Connect, we rely on a dedicated team of individuals that are passionate about the mission and vision of Cycle Connect.

2019 Statistics

1

New Product Being Tested

Rebranded to Cycle Connect

95%

Client Repayment Rate

67%

Increase in Our Funding

4

Products in Our Portfolio

33

Cycle Connect Team Members

Farthest Distance Traveled From Our Office to Reach a Client

85 MILES

PROJECTS WE'RE WORKING ON

Loan Appraisal Digitization

A big project we are working in on in 2019 is the digitization of our loan appraisal process. This will improve our approval accuracy and speed up our approval time.

COMPLETE

New Product Testing

At the very end of 2018, Cycle Connect launched an innovations department to do new product testing and research. Our goal is to test one new product in 2019.

IN PROCESS

Growing New Branch

In 2018, we opened our first satelite branch in Lira, Uganda. There is so much untapped potential in this region that in 2019 we are focusing on growing this branch.

IN PROCESS

 

IN 2019 WE'RE WORKING WITH CLIENTS LIKE

Adiyo Lilly and Odong Severino

Adiyo Lilly and Odong Severino are smallholder farmers in northern Uganda with fifty acres of very fertile land. Their journey with Cycle Connect began when Lilly applied for a bicycle loan. Her bicycle helped her with fetching water, transporting crops, and carrying charcoal to town to sell. After Lilly completed her loan, Severino decided to take an oxen & plow loan. With the Oxen, Lilly & Severino went from harvesting four acres to ten acres. Seeing how productive their oxen have been, Lilly decided to apply for another oxen loan with Cycle Connect to start an oxen rental business to further increase their income.


 

Be A Part of Our 2019 Journey

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