CYCLE CONNECT 2019
Find all of our updated impact stats for 2019 in one place.
Cycle Connect partnered with 2,500 smallholder farmers in 2019
Download our 2019 Impact Report
To date, Cycle Connect has partnered with 6,000 Ugandan farmers to impact over 30,000 rural Ugandans. 2,500 of those partnerships were formed in 2019.
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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.
Distribute 2,500 Productive Assets
Impact 12,500 Rural Lives
Create 15 Jobs
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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.
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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.
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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
35
Cycle Connect Team Members
Farthest Distance Traveled From Our Office to Reach a Client
85 MILES
In Northern Uganda, Cycle Connect's Operations Span Over a Total of
125 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.
COMPLETENew 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.
COMPLETEGrowing 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.
COMPLETE
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.