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Posts Tagged ‘partner processes’

The new round of spot checks was conducted between November and December 2011. The main objectives were: To ascertain that the data as it appears on the MYC4 platform is the same as that on the providers records. To verify that the loans are actually given to bona fide clients. To establish whether the providers [...]

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The spot checks for the first half of this year were conducted between May and June and the new scores have been updated to the platform today. You can read more about the scores on the MYC4 Risk Rating Page and you may notice that the star rating for certain providers has changed. As the [...]

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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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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. At the moment, you can read about… Gatsby [...]

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What can you look for as an investor if you want to safeguard against borrower defaults? In this blog post, MYC4′s Credit Operations Manager, Titus Kuria, shares some of his knowledge on good credit practice and discusses the types of collateral and security most commonly used by MYC4′s Providers. The universal best practice on credit [...]

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Spot checks are conducted by MYC4 on the providers twice yearly. The spot check involves a comparison of provider records with data on MYC4, as well as actual visits to sampled clients. The main purposes of the spot checks are: To ascertain that the data as it appears on the MYC4 platform is the same [...]

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We stroll carefully on the unpaved road, passing a huge market. The place is buzzing with mainly food stalls, small M-Pesa agent hunts and clothing stalls. Business is a little slow despite that the pedestrians are rushing by quickly but skilfully to avoid muddy potholes on the road and to dodge other pedestrians. “HONK!” A [...]

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