APOLLO AGRICULTURE LIMITED
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Apollo Agriculture is an agri-technology start-up company, providing fertiliser and seed on credit, as well as insurance and farming advice to smallholders growing maize in Kenya.
What is our funding objective?
FMO’s contribution aims at increasing the dialogue between Smart Campaign and Apollo, supporting the adaptation of Smart Campaign’s standards for digital credit to Apollo’s smallholder finance business model, and in the future, to similar digital credit providers in the region.
Why do we fund this investment?
The project is expected to be a significant benefit for Apollo by strengthening their capacity and sustainability whilst protecting their clients’ interests. If successful, the project has the potential to be scalable, benefiting other digital credit providers and their end-users. By contributing to this project, FMO would confirm its leadership in investing in local prosperity.
More investments
| Date | Total FMO financing |
|---|---|
| 5/25/2020 | USD 0.25 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Effective date
- 6/6/2019
- End date
- 1/13/2021
- Total FMO financing
- EUR 0.02 MLN
- Funding
- MASSIF