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News: 13/09/2007

MyC4 - Microlending for profit to African entrepreneurs

August 28th, 2007

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.

4 comments

need more infos!

dear sirs,i'll like to have more infos about this service and how beneficial it is for start ups.thanks,felix.

13 Sept 07, 15:58 felix ntube, 13 Sept 07, 15:58

Need for lending

I have a running SME in Kenya and i am interested in MyC4 lending. Could anyone tell me how this is done. Please email me creek_kenya@yahoo.com

25 July 08, 13:07 Kunga Ngece, 25 July 08, 13:07

How Can we benefit in Nigeria

I am interested in MyC4 lending. How can we in Nigeria benefit?
Thanks.

15 Mar 11, 12:42 Taiwo Aluko, 15 Mar 11, 12:42

Grant

Coffee Project
I am writing to inquire whether this would invite a proposal from the, Arayason Coffee & Tea requesting an investment of dollar 50,000 per year over Three years to support our Enterprise. This grant would provide part of the funds needed for us to farm coffee in rural Kiambu Kenya. This include farming, pulping, milling and roasting for local and export market. These as sustainable businesses as we alleviate poverty. Your website indicates that you are helping entrepreneur innovative ideas to improve the lives of the rural poor; we believe Arayason falls well within your area of interest. Farming is a promising solution to one of the primary obstacles facing the small rural poor in poverty: Good farming is possible for even in the most remote locations do business on a region-wide, national, or even international basis. Working in conjunction with other small scale farmers Arayason Coffee & Tea gives individual need; and, in collaboration with other agencies and redistribute coffee, we also assure that they obtain the best Arabica Coffee. We believe that broadly-implemented have the potential to help the lives of many struggling farmers, and change the economic landscape of impoverished rural communities. Unlike many poverty alleviation initiatives, all of the Communal Kenya programs are predicated on the assumption that these farmers already have 90% of what it takes to compete in the marketplace -intelligence, ambition, initiative, and talent, and established a high degree of credibility among community groups, policy makers, and donors. With your support, we can make that 50% difference in the lives of these hard-working people and the future of our rural communities.
Please feel free to email me with any questions.
I look forward to hearing from you soon.
Sincerely,

Naftaly Arayason

9 Apr 11, 20:34 Naftaly Arayason, 9 Apr 11, 20:34