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Posts Tagged ‘Social impact’

Yesterday, we announced that Tujijenge Uganda has joined the MYC4 platform as a new provider. Today, you have the opportunity to make a bid on their first loan: Asianut Women’s Group. This also happens to be the first real group loan on the MYC4 platform, something which has been in demand from a lot of [...]

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MYC4 was in the final of BBC World Challenge 2010, but didn’t make it all the way to the top of the podium… the good thing is that BBC now has developed the Down to Business concept which is a hands-on way to help businesses with a social purpose succeed. The mission with Down to [...]

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When I bike home from work I cross a bridge over Copenhagen’s harbor… and there on the left, you have the Danish Ministry of Foreign Affairs (DANIDA). There is no news in the yellow brick building standing there, it has done that for years, but please take a look at the enormous posters hanging on [...]

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Since Makao Mashinani Ltd. (MML) was announced as a new MYC4 Provider in February this year, we have all been waiting in great anticipation for their first loans to open on the MYC4 platform. Our team in Nairobi has been working closely with MML to define their loan product, create their Provider profile, set up [...]

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Yesterday a controversial TV program on Muhammad Yunus and his company; Grameen was broadcasted on Norwegian Television… watch the one hour program on NRK1 here. This post is not a direct comment on the aspects of the program or on Yunus’ dispositions, but rather a reflection on how MYC4 are dedicated to make a difference [...]

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      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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Let me start out by quoting Amy Klement, Vice President at Omidyar Network (ON) elaborating on their blended use of ‘grants’ and ‘impact investments’. “We think that both are absolutely needed. Grant-based philanthropy has had tremendous positive impact by overcoming market-based failures that aren’t addressed by government. Grants can also help spur the creation of [...]

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