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Posts Tagged ‘loan’

Update on Fusion Capital

Posted in News from Africa, tagged , , , , , , on October 17, 2011 | 4 Comments »

Fusion Capital Ltd, one of the MYC4 Providers, has made a strategy to prioritise its SME activities such that focus is more on equity than on debt. Fusion therefore decided a couple of months ago to pay out the four outstanding loans on the MYC4 platform to effect a smooth transition (read more about Fusion [...]

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Rubber wheels – they have to come from somewhere

Posted in Borrower Testimonials, News from Africa, tagged , , , , 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 [...]

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Steel – a sure thing in a booming economy

Posted in Borrower Testimonials, tagged , , , , , , , , , , , on August 31, 2011 | Leave a Comment »

You can hear the company ”Steel Converters” long before you can actually see it, the angle grinders, the hammering, the sound of steel  dumped on steel. Led by the sound I soon  find my way through the gate to a business, where welding sparks are flying in all directions. I am somewhere along Thika Road, [...]

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Portfolio Performance 2010

Posted in News, Uncategorized, tagged , , , , , on February 5, 2011 | 17 Comments »

For a more recent view of Portfolio Performance, please click here. While investors generally lost money on loans given out in 2007-9, investments made since mid 2009 through our current providers have given investors a small positive return on the average so far.  Investing in Africa is still risky though and the results you get [...]

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Creating Ear Awareness in Ghana

Posted in Borrower Testimonials, News from Africa, tagged , , , , , , on January 20, 2011 | 1 Comment »

In May last year, during my first trip to Ghana, I remember noticing a colourful billboard on the side of a busy road in Accra advertising for Krispat Ear Centre (GH) Ltd. I recognised the name from somewhere, but only later that evening did I realise where I had first been introduced to this small [...]

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School – some go to eat, some to learn

Posted in Borrower Testimonials, News from Africa, tagged , , , , , , , on January 14, 2011 | Leave a Comment »

Today I witnessed two scenarios, one from a distance, one close up. Todays “Daily Nation” here i Nairobi ran a story from Samburu, one of the drought affected areas in Kenya. People die from hunger now. The story focused on two year old Leguto Lemalile who now, in spite of her very young age, is in school, [...]

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Makao Mashinani

Posted in News from Africa, tagged , , , , , , , on November 24, 2010 | 4 Comments »

      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. Mads and I recently met with Aleke Dondo, managing director [...]

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On-line business sign-up

Posted in News from Africa, tagged , , , , , on November 23, 2010 | Leave a Comment »

Fusion Capital and MYC4 placed a joint advertisement in the Kenyan newspaper the ‘Daily Nation’ today. The advertisement tells about one of the unique features of MYC4 – the ability for businesses in Africa to apply for loans directly on the MYC4 website. These applications are passed on to Fusion and other partners who evaluate [...]

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Spot Checks

Posted in News from Africa, Uncategorized, tagged , , , , , , , , , , on November 18, 2010 | 2 Comments »

Titus, our Credit Operations Manager, is in the process of carrying out spot checks on all of our partners in East Africa. He has been supported by Githa in Ghana.  We expect all the spot checks to be completed by the end of the year. The purpose of the spot checks is to validate that [...]

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The art of bidding

Posted in Uncategorized, tagged , , , , , , , on October 28, 2010 | 2 Comments »

Bidding is very simple. You find a business you like. You decide how much money you want to invest. You decide how much interest you want. Done. If you are investing small amounts and you are more interested in helping businesses in Africa than making money then that is all you need to know. If you [...]

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