Apollo Agriculture
Digital platform bundling inputs, credit and advisory
Description
Apollo Agriculture is a digital platform that provides smallholder farmers with access to credit, high-quality farm inputs, insurance, and agronomic training. By leveraging technology and local agrodealers, the initiative helps farmers increase productivity and reduce risk, contributing to improved rural livelihoods and food security.
Technology
Apollo Agriculture leverages a mobile app, machine learning algorithms, and remote sensing data to assess credit risk, deliver agronomic advice, and facilitate access to inputs. The platform uses AI-based credit scoring to offer bundled financing products through agrodealer networks.
Target
The main users of Apollo Agriculture are smallholder farmers in Kenya and Zambia. The platform serves over 100 000 farmers and helps them increase productivity by up to 2.5 times the national average. It is tailored to meet the specific needs of low-income rural farmers.
Business model
Apollo Agriculture operates through a fee-for-service and subscription model, offering bundled credit and input packages to smallholder farmers. The company partners with agrodealers for last-mile delivery and charges interest on credit products. Funding is also supported by venture capital and development finance institutions.
Impact
Apollo Agriculture aims to improve access to inputs, credit, and training for smallholder farmers, resulting in higher productivity and income. Its scalable model can enhance financial inclusion and agricultural sustainability in rural areas.
Partners
African Development Bank via Africa Fertilizer Financing Mechanism; Rabobank; FMO
Four Betters
Better production
Better life
