MyC4

MYC4 is an internet marketplace where you and investors from around the world can lend money directly to entrepreneurs who are doing business in Africa and create growth together with them. That means when the African business makes money as a result of your loan, you can also make money. MYC4 is a business - a business that creates growth - growth... created by you. By promoting business potential in Africa, it is possible to trigger long-term positive social impact. Funding speeds up economic growth and prosperity permeates through the lives of entrepreneurs, their families, employees and local community. How does MYC4 work? An African entrepreneur wants to apply for a loan in order to grow his small business. He goes to a local MYC4 partner to present his project, how much money he needs, and how much he can pay in interest. The MYC4 partner makes a thorough evaluation of his business to make sure it provides healthy economic prospects for growth and can repay the loan and its costs. If the loan is approved by the MYC4 partner, it is uploaded to the MYC4 marketplace. You and other investors can now read about the entrepreneur and see his application for funding. There is an auction on MYC4 where you can bid with the amount you wish to lend to the small business and at what interest rate. You do not have to lend the entrepreneur the full amount. Several people can participate in the loan. It is the people who offer the lowest interest rates that end up lending money to the business when the auction is over. When the auction closes, MYC4 transfers the funds to the local partner and the entrepreneur receives his loan. As the business grows, he starts paying back his loan with interest to you. You can now decide whether to withdraw your money or lend it to another small business in Africa. How do I sign up? Go to Sign Up and follow the instructions. It only takes a couple of minutes and you are set to go. How do I get started with lending? Lending through MYC4 is easy and personalized. First you need to create a ...Read More