Rating reports

MyC4
Reasons for Rating

MYC4 is a unique online peer-to-peer platform that enables users to directly make loans to African businesses.

• MYC4 is not a charity but is an initiative that aims to change the infrastructure of charitable giving and international development.

• MYC4 was founded by a young, dynamic and motivated team who all draw on very strong business and information technology skills.

• MYC4 puts commercial opportunity at the heart of development with the added incentive of enabling individuals to directly fight poverty while earning a profit.

• MYC4 is also a platform for sharing of knowledge and best practices.The sharing of knowledge and best practice is just as important as funding for young African businesses.

• MYC4 has succesfully raised early stage funds from outside investors and is planning additional capital raising.

• MYC4 has huge potential to mobilise investments into Africa via its platform and is aimed to channel EUR6m of small loans capital in 2009.

 

Small business

 

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