Cherchez la femme! The old French saying also applies when it comes to Johnni Kjelsgaard, founder and director of GrowthAfrica. Because it was a woman, Patricia Jumi, who got him to Africa and made him stay. Today they run a very successful business, GrowthAfrica in Nairobi. GrowthAfrica is no longer in a partnership with MYC4 [...]
Posts Tagged ‘investments’
What love can lead to
Posted in News from Africa, tagged Africa, Growth Africa, investments, Kenya on November 23, 2011 | 5 Comments »
Portfolio Performance 3rd Quarter 2011
Posted in Investing on MYC4, tagged currency, interest, investments, MYC4, partners, performance, portfolio, return, risk, Shillings on October 5, 2011 | 8 Comments »
Another three months have passed, so here is the quarterly update on the performance of the MYC4 portfolio. Let us start with the good news. Loans disbursed in the last two years by our current providers continue to return more in interest than what is lost in defaults. This portfolio now shows a net return [...]
Introducing a new MYC4 Provider: Tujijenge Uganda
Posted in News from Africa, Investing on MYC4, tagged investments, Uganda, Africa, partners, Loan products, MYC4, Tujijenge, Provider on September 27, 2011 | 6 Comments »
Today we have some exciting news to share: Tujijenge Uganda joins the platform as a new MYC4 Provider. The name may be familiar to some of you; most likely because its sister company, Tujijenge Tanzania, is already operating on the MYC4 platform and has been a Provider since early 2009. Tujijenge Uganda brings something new [...]
Rubber wheels – they have to come from somewhere
Posted in Borrower Testimonials, News from Africa, tagged borrower, investments, Kenya, loan, rubber nairobi wheels on September 12, 2011 | 1 Comment »
I’ll bet you never give much thought to where tires and wheels come from. Yet they are everywhere mounted on anything that moves, and without them the world would not be the same. We take them for granted, but – surprise! – they are manufactured somewhere, and someone is making a profit of it. The [...]
Gatsby Uganda introduces new loan products in response to the sliding shilling
Posted in Investing on MYC4, News from Africa, tagged bidding, borrower, currency, Gatsby, Gatsby Microfinance Ltd, interest, investments, Loan products, return, Shillings, Uganda on September 7, 2011 | 3 Comments »
It is no secret that MYC4 investors have been hit hard by currency losses this year. One of our biggest providers, Gatsby Uganda, has decided to act on this fact by introducing new loan products which offer a higher interest rate to investors. Titus Kuria, MYC4′s Credit Operations Manager has worked closely with Gatsby over the [...]
As the Shillings Slide…
Posted in Investing on MYC4, tagged Ability to repay, currency, East Africa, inflation, interest, investments, Kenya, Shillings, Uganda on August 29, 2011 | 9 Comments »
The East African shilling currencies (Ugandan, Kenyan and Tanzanian) are going through a rough patch, losing value against both the dollar and the euro over the past year. The past couple of months have been especially hard on the Ugandan shilling (UGX), which has depreciated by almost 20 % against the Euro. This means, that [...]
Portfolio Performance 2nd Quarter 2011
Posted in Investing on MYC4, tagged bidding, interest, investments, PAR, partners, performance, return on July 6, 2011 | 22 Comments »
It is time for the quarterly update on how loans made through MYC4 are doing in terms of repayments, defaults and currency. Follow these links for our previous overviews on Portfolio Performance 2010 and Portfolio Performance 1st Quarter 2011, and read on for an update on the numbers as of June 30th, 2011. Loans from [...]
First Susu loan is open for bidding
Posted in News from Africa, tagged Ghana, investments, partner processes, PRC, Susu on May 16, 2011 | Leave a Comment »
We are happy to announce that the first Susu loan in Ghana opened up for bidding this morning. It’s a 7,273 euro loan to JAA Secretarial & Susu Services who have indicated the names of seven Susu Borrowers who will benefit from the loan. The concept of Susu collectors was presented here on the blog [...]
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