New way to invest in Africa
MyC4.com is a web-based platform that allows you to look up a list of African entrepreneurs who need funding for their projects and to offer them loans. You bid a certain interest rate, which is accepted as long as it is below the maximum the entrepreneur is willing to accept and as long as others have not bid below you. You can lend as little as 5 euros. Default rate is in the single digits.
Hat tip David!
(Apologies for infrequent posting, Wordpress + my host acting up on me)
1.
Bemused said,
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on September 30th, 2008 at 18:53
Thank you for this post. It is something I will definately look into. Some of use have been “blessed” with people back home who:
1 Seem to block anyone of substance from talking to us
2. Hounding us with useless, silly schemes
3. Acting like our politicians
It is hard, if you are not at home to really find real people, within the short bursts of time we are home.
FYI
This is a noticed posted on the website
INFORMATION FOR INVESTORS FROM NORTH AMERICA
Legally it has not yet been solved how North American Investors can withdraw money from their MyC4 accounts. So if you agree that you do not withdraw any money at any time from Myc4,you are most welcome aboard.
Does not then seem to be a “loan” for those of us in North America.