myc4.com
Get flash to fully experience Pearltrees
SAMTCO Transport is applying for their second MYC4 loan as they recently procured a new contract to transport raw materials from Zambia. If they succeed in raising the funds, the loan will be used to acquire a new truck to service the contract. First time we saw SAMTCO Transport on MYC4 they got a EUR 26,000 loan funded by 471 Investors. SAMTCO Transport has finished repaying the loan in May this year... before time! Please take a look at how accuratelty they serviced their first loan here .
MYC4 nyhedsbrev
June 29, 2011 by Tim Vang This is truly promissing news… I just read an article in FastCompany about Apple’s future launch of their new iPhone. Hello Tim??? This blog is about business development in Africa, so why are you telling me this… Well, it is correct that the launch of the iPhone 5 in September, which is even faster and with an improved camera, is not of true importance to this space, but here is the interesting piece that I want to share with you; it is predicted that Apple soon will be launching an iPhone Lite! Apple’s BoP strategy with this iPhone version is to skip the expensive and flashy components to keep the price low in order to make the phone affordable to the masses in e.g.
Appfrica?? « MYC4
June 14, 2011 by Tim Vang November last year I wrote a post about an extremely interesting report that portrayed Africa as an interesting business case; ‘Lions on the Move’ (actually one of the most read post here on our blog). I can only second what I said back then, the McKinsey report is a must-read if you consider doing business in/with Africa. Just recently Ernst & Young published the ‘Africa Attractiveness Survey’; ‘It’s time for Africa’ which very easily can be compared to the McKinsey findings.
The question is not whether you should be doing business in Africa, but rather how? « MYC4
Just before I wrote this post, I took the picture above and it clearly states that ‘Hard to access finance’ is the top scorer of the 8 possible answers. This is no surprise to me, so I won’t go down that path…. Instead I want to highlight one of the answers from ‘Other’ (H) which is a vital bottleneck to be addressed in order for Africa to go from ‘one man band’ primarily to also foster SMEs (Small and Mediumsized Enterprises) and this is; ‘Finding the right resources’ (we think that development of SMEs is key!!). Capital is simply not enough, knowledge/skills/competences is of utmost importance in order for the businesses to manage the most important element when dealing with loans; the ability to repay . The right resources is instrumental for us when working with our Partners too!
What is the Hardest Part about being an Entrepreneur in Africa? « MYC4
It’s been almost one year since Birima in Senegal was suspended as a Provider on the MYC4 platform. Throughout this period we’ve been in dialogue with Birima to get them to honour the guarantee which was made to MYC4 and investors in September 2009 that no loans would default on the platform. Despite our continuous efforts on the ground, we’ve unfortunately had no news to report to investors on this case – until now. Yesterday, we received a bulk repayment from Birima, and the funds are currently in the process of being distributed equally between the 23 defaulted loans. Although this is great progress, there is still a substantial amount outstanding and our lawyer in Senegal will continue to pursue this case.
Recoveries on loans from Senegal « MYC4
May 11, 2011 by Githa Kurdahl In the Provider Dialogue Forum it’s possible for investors to ask questions directly to the MYC4 loan providers. From time to time, the Providers also post small updates there to keep the investors informed about their daily operations, strategic decisions, and whatever else they feel like sharing.
Updates from MYC4 Providers « MYC4
Mobile Web Growth in Africa: Hotter Than the Sahara!: Mobile Technology News «
The growth rate of mobile browsing in some African nations is up 365 percent compared to page views in those countries just one year ago. Unique users to the mobile web in Africa are on the rise too, growing 176 percent over the past 12 months. Developer and website focus may be on more developed nations with mature wireless infrastructures, but service providers shouldn’t be turning their backs on Africa just as the mobile revolution is dawning there. This data on mobile browsing in Africa comes by way of Opera’s monthly State of the Mobile Web report, the most recent version released just this morning. Most of the report focuses on the standard bits: information showing the amount of data that Opera web users consumed, how much bandwidth is saved by Opera’s money-saving compression technology and so on. But more interesting to me is the last section, which is completely devoted to mobile browsing in Africa.Consumer Goods - Services, Uganda Having got many orders from different customers, Joseph desires to get another loan with us this is to enable him keep his customers by supplying the meat in time and to meet many other many demands raising in the Christmas season. To keep and maintain his customers through on time product delivery.
View Loan: Kalyango Joseph | Loans | MYC4
These Entrepreneurs need your full attention… NOW!! « MYC4
December 15, 2010 by Tim Vang I want to pick up on my post from Monday , where I briefly touch upon the situation with too little funding for the African businesses on our platform!! With key learning from the past in our luggage, we now have 6 performing Partners that come with Entrepreneurs who seek funding to develop their business, but more importantly; the Partners come with businesses that have been vetted and found eligible for a loan, as there is a plan for how they will repay the loan!! The four loans in the picture above are all closing today – actually they close in only a few hours (from 2:26pm CET) and if the auction is unchanged, the Entrepreneurs will go empty handed back to their business and have no option to invest in e.g. additional inventory! Kabarira (loan 1) is already fully funded hence needs no additional attention in this post – it is the three other loans that calls for your full attention… NOW.
Mads Kjær, CEO for MYC4, and Aleke Dondo, MD for MML We recently completed due diligence with K-REP Development Agency and their subsidiary Makao Mashinani (MML) Limited on a project to fund low-cost housing for people moving out of the slums. The project is together with Akiba Mashinani Trust and Slum Dwellers International .
Makao Mashinani « MYC4
Consumer Goods - Wholesale, Ghana La Joie Water Company is seeking to procure two new trucks to facilitate the sales and distribution of its products.
View Loan: La Joie Water Company Limited | Loans | MYC4
November 16, 2010 by Tim Vang Topic of todays post stood rather clear to me, when I wrote the post about the McKinsey report yesterday. ‘Lions on the Move’ is basically a macro view of the African market growing steadily day by day, becoming an extremely lucrative objective seen from a business perspective. But the macro view on year 2020 can be somewhat hard to relate to, so it would be interesting to know which steps are being taken today… hence todays post lets a little air out of the balloon, focusing on services that serve Africa every single day. The picture has been borrowed from: www.danexplore.dk