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 [...]
Posts Tagged ‘Shillings’
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 »
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 [...]
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