Thread: MYC4 - myc4.com Microloans to Africa | Grow business through microfinance

MYC4 consists of a crew of dedicated people located in our headquarter in Copenhagen, Denmark, and in our regional office in Nairobi, Kenya.

On 29th May of 2011 a total of 18,506 investors from 109 countries have invested €13,241,486 in 6,643 businesses in 7 African countries.

Watch the signup video on YouTube:


The story of MYC4

The story of MYC4 began in 2005, where Mads Kjær (CV) and Tim Vang (CV) fortuitously shared a London cab on their way to a conference. Here, ideas and visions emerged, and on the back of an envelope, they drew the outline of MYC4 and planted a seed for what should soon prove to be more than just a good idea.


In the following months, Mads and Tim turned to several hundreds of experts in everything from African social conditions, microfinance and web in order to grasp Africa’s current challenges and, in particular, possible solutions. Among the present megatrends and other entrepreneurial people Mads and Tim were inspired by “The fortune at the bottom of the pyramid”, 2006-Nobel Prize-winner and founder of Grameen Bank, Professor Muhammad Yunus, and the United Nation’s eight Millennium Development Goals (MDGs).

With these great sources of inspiration the vision of MYC4 is to eradicate poverty in Sub-Saharan Africa and thereby contribute to e.g. better education, health, and environmental stability.

Then, in May 2006, MYC4 was founded as a joint venture between Mads Kjær, Tim Vang and Kjaer Group A/S. In December 2006, MYC4 received a grant of DKK 5 million (EUR 670,000) from the Danish Aid Agency (DANIDA) under the Ministry of Foreign Affairs to support the development of the MYC4 platform, and so far a lot of other remarkable milestones have followed.

Over the next three years, MYC4 will sign up 12 new co-founders, named Musketeers, who – besides investing in the growth of MYC4 – will act as ambassadors and catalysts for MYC4.

Invest Now!

---------- Post added 06-05-2011 at 17:58 ---------- Previous post was 05-29-2011 at 09:37 ----------

I've made a deposit of €250 because I really like this website and found this interesting information:

Withholding Tax Rate for each Country:

Cote D'ivoire - 8.85%
Ghana - 5.00%
Kenya - 15.00%
Rwanda - 15.00%
Senegal - 25.00%
Tanzania - 15.00%
Uganda - 15.00%

Originally Posted by LordMike

I've made a deposit of €250 because I really like this website and found this interesting information:

Withholding Tax Rate for each Country:

Cote D'ivoire - 8.85%
Ghana - 5.00%
Kenya - 15.00%
Rwanda - 15.00%
Senegal - 25.00%
Tanzania - 15.00%
Uganda - 15.00%

Great! Let us know how it went
I haven't had the guts to deposit on one of the P2P sites

Okay I've found some very interesting information while investing another €150.

Ghana - Invest with the knowledge that it has 0% defaulted, so untill now nobody has lost any money investing there.
Rwanda - Same as Ghana -> Perfect for investing, no losses so far.

Tanzania - 9,77% defaulted so it's still pretty decent to invest here, although I'm looking for 0% loss.

Cote D'ivoire - do NOT invest here - 60% defaulted so doesn't look good there.
Senegal - do NOT invest here - 60% defaulted so doesn't look good there.
Kenya - I wouldn't invest here because of the 40% defaulted investment.
Uganda - 25% defaulted so 1/4 will be a straight loss.

So we end up with 3 countries if your taking a little bit risk and only 2 countries if you do not want any risk at all. (future events can't be guaranteed on past results)

At the moment I still have some investments in those other countries because I didn't have this information yet, but since I have this now I've made 4 new autobids for Ghana & Rwanda to make sure my money is working for me.

I'll keep you updated on the progress.

Originally Posted by LordMike

Okay I've found some very interesting information while investing another €150.

Ghana - Invest with the knowledge that it has 0% defaulted, so untill now nobody has lost any money investing there.
Rwanda - Same as Ghana -> Perfect for investing, no losses so far.

Tanzania - 9,77% defaulted so it's still pretty decent to invest here, although I'm looking for 0% loss.

Cote D'ivoire - do NOT invest here - 60% defaulted so doesn't look good there.
Senegal - do NOT invest here - 60% defaulted so doesn't look good there.
Kenya - I wouldn't invest here because of the 40% defaulted investment.
Uganda - 25% defaulted so 1/4 will be a straight loss.

So we end up with 3 countries if your taking a little bit risk and only 2 countries if you do not want any risk at all. (future events can't be guaranteed on past results)

At the moment I still have some investments in those other countries because I didn't have this information yet, but since I have this now I've made 4 new autobids for Ghana & Rwanda to make sure my money is working for me.

I'll keep you updated on the progress.

Nice piece of information!
I'm only going to invest in the 0% country's

Originally Posted by Hkevin

Nice piece of information!
I'm only going to invest in the 0% country's

Yes, I think that is the best strategy, you can offer them a lower percentage because you have more security of receiving back your money.

Also that's where I find the beauty of MyC4: It gives us the chance to earn more then the inflation but at the same time it offers us a chance to give the entrepreneurs in Ghana & Rwanda the possibility to lend money way below what they thought they would pay for it. So it gives them more profit and thus a better life. Real Charity.

The second reason why I invest in MyC4 is because you can get your money back quite quickly because there are many loans that are paid back within 6 months and no grace period. Next to that there is a big diversity of loans that are payed back within 12-24 months.

Big Thumbs Up for MyC4.

Businesses Funded in Ghana where you pay 5.00% tax on your profit:
337,996.00 EUR in 41 Businesses
Repayments Received (EUR): 209,977.43
Defaults:0.00%
Avg. annual currency change against EUR in the past 3 years:7.16%

Businesses Funded in Rwanda where you pay 15.00% tax on your profit:
777,083.00 EUR in 480 Businesses
Repayments Received (EUR): 519,560.44
Defaults:0.00%
Avg. annual currency change against EUR in the past 3 years:0.78%

Also I've found another very interesting piece of information regarding the defaults and the history of them:


So you can see that since 2010 there has almost been no defaults. I think they have improved very much and since it's already from 2007 it's 4 years old, we are not the investors who are trying this out. I think the system is pretty good made now and we can gain profit from it and do Charity at the same time. You can also just Donate money and really give it.

I'm gonna make a spend here once i get another payment from my investments

What E-currency's do they accept? And do you have a referral link or some?

Bank transfer from the EU is free, check for the charge for International Bank Transfers.

Also Mastercard/Visa with a 3.75% fee.

No referral link or affiliate program, it's just Charity.

You are helping to build the world with helping Africa grow faster and stronger.

Originally Posted by LordMike

Bank transfer from the EU is free, check for the charge for International Bank Transfers.

Also Mastercard/Visa with a 3.75% fee.

No referral link or affiliate program, it's just Charity.

You are helping to build the world with helping Africa grow faster and stronger.

Deposited €100 and lended it to 4 businesses

13/06/2011 00:12 Virginia Waithera Gathuku Bid on Business. -25.00
13/06/2011 00:11 Wangotho Enterprises Bid on Business. -25.00
13/06/2011 00:10 Milka Wanjiku Mwaura Bid on Business. -30.00
13/06/2011 00:09 Virginia Waithera Gathuku Bid on Business. -20.00
13/06/2011 00:08 QuickPay transaction. Id: 32352177 100.00

Seems to me it are only 3 businesses

Originally Posted by LordMike

Seems to me it are only 3 businesses

Seems like i accidentally lended to the same company 2x.. lol

Anyhow, i added another €500, this will be invested in Rwanda & Ghana.

Originally Posted by Hkevin

Seems like i accidentally lended to the same company 2x.. lol

Anyhow, i added another €500, this will be invested in Rwanda & Ghana.

Good luck Hkevin! Im thinking about investing here..

I've found an interesting video about MyC4.

Nice video, I'm sitting at an average of about 18% profit / year now.

how can i investing to my account internationally tell me

Mastercard or Visa is allowed. Otherwise a bank transfer.

Received a payment:

Business: Susu Loan-Emmanuel Group
Bid amount: €30.00
Interest rate: 25.75%

This repayment:
Repayment: €691.55
Repayment - your share: €2.45

Accumulated gains/losses on currency exchange (all Business repayments to date):
Gains/Losses on Currency Exchange: €-22.78
Gains/Losses on Currency Exchange - your share: €-0.08

on 21st of December 18,852 investors from 113 countries have lent €14,429,496 to 7,524 small businesses in 7 African countries.

I'm quite a fan of MyC4
Although i'm addicted to my louboutin shoes

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---------- Post added 02-16-2012 at 11:27 ---------- Previous post was 02-10-2012 at 12:41 ----------

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