ABOUT CYCLE CONNECT
Financial Inclusion For Farmers
A cycle is a series of actions that are regularly repeated in the same order. At Cycle Connect, we are all about connecting our clients with the necessary tools to propel forward out of poverty. We do this through our loan cycles of productive assets that are proven to increase income for the farmers we work with.
IT STARTED WITH A BICYCLE
Our journey began with a single bicycle when our founder discovered the empowerment, freedom, and opportunity that a bicycle can bring. As a lease-to-own bicycle organization, we saw how bicycles were used to create access to critical resources, increase income, and improve rural livelihoods. The model worked so well that we decided to apply the same model to more productive assets to give our clients more opportunities to invest in their futures.
CONNECTING ACCESS AND OPPORTUNITY
Cycle Connect operates on the principle that distance should not be a barrier to access and opportunity. By going the last mile to finance productive assets, we are helping our clients break the cycle of poverty and invest in their future.
LIFECYCLE OF OUR CLIENTS
Our current portfolio includes bicycles, motorcycles, oxen & plow, and grinding machines. All of our products are vetted and tested for their ability to increase income. Our growing portfolio gives our clients the ability to continuously invest in their future to generate the highest level of impact.
BREAKING THE CYCLE OF POVERTY
At Cycle Connect, our ultimate goal is to enable our clients with the necessary tools to break the cycle of poverty and propel forward. We envision a world where everyone living in the last mile has the means to thrive, not just survive.
FREQUENTLY ASKED QUESTIONS
IS CYCLE CONNECT A NONPROFIT?
Cycle Connect is a Ugandan business based in Gulu with a U.S. nonprofit parent. Cycle Connect is a registered 501(c)3 nonprofit. Our tax ID number is 27- 1175814.
WHAT DOES LAST MILE MEAN?
Last mile access can be defined in various ways. At Cycle Connect, we define last mile as those who are excluded based on distance and status. Cycle Connect is going the last mile to provide access by meeting our customers where they are at.
WHAT DOES IT MEAN TO INCREASE INCOME?
All of Cycle Connect's products are vetted and tested for their ability to increase income for the farmers that we work with. Our products provide increased savings and allow our farmers to increase their income through new business creation. An increased income allows our farmers to save more, put more kids in school, and to provide for their families. Our products increase income by 35% on average.
HOW DO YOU DEFINE FARMER?
The majority of Uganda's population are farmers. Cycle Connect specifically works with rural smallholder farmers who are doing subsistence farming to earn an income and feed their families.