MyC4 - Microlending for profit to African entrepreneurs

Danish startup C4 World on it's platform MyC4 allows lenders to finance micro loans to African entrepreneurs (Afripreneurs). P2P briefly featured the MyC4 plans earlier. The goal is to "eradict poverty through business". The service is currently in beta, but signing up and lending at MyC4 is already possible.

MyC4 differs in its approach from Kiva: At MyC4 lenders do earn interest on the loans. Currently interest rates of 20-24% are typical with loan terms of 6 or 12 month.