Breaking the Cycle of Extreme 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 out of the cycle of poverty and to propel forward. We do this by increasing income for smallholder farmers through productive asset-financing and training.
OUR IMPACT TO DATE
2019 IMPACT REPORT →
Cycle Connect's asset financing has the distinct ability to:
Reduce Extreme 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.
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 HIGHEST LEVEL OF IMPACT
Cycle Connect's growing portfolio of productive assets gives our clients the ability to continuously invest in their future to generate the highest level of impact. Our Innovation's Department is continuosly testing new products to add to our portfolio for their ability to increase income for smallholder farmers.