About me: HI, I'm Soren Groth aka NYERTUN
With this profile I'll like inform you about a great initiative I have choosen to support. I hope you'll join too. Visit http://www.MyC4.com , a new web platform that enables people to contribute to the eradication of poverty in Africa by investing in African businesses.
Postal Address:
MyC4 A/S
Frederiksholms Kanal 4, 4.
DK-1220 Copenhagen K
Denmark
Phone: +45 7026 2015
Fax: +45 4926 2015
Email:info@myc4.com
The idea is simple, say the founders, Mads Kjær and Tim Vang, who run the operation from offices in Copenhagen and Kampala. The site lists Opportunities, businesses in need of capital, which have been selected through MyC4’s network of Providers in Africa. Investment works on a bidding system – what the organizers describe as a Dutch auction, which basically means that the more people that are interested in investing, the more favourable the terms become for the African business. This variable interest rate, say the organizers, helps ensure that the entrepreneurs behind the most attractive Opportunities benefit directly.
Projects are intended to be investments in growth (in stock, new employees, etc) that offer a material return: each project is subject to a due diligence process which looks at the prospects for a return on investment. MyC4 also takes into consideration whether the Opportunity lives up to the UN Global Compact principles, while each entrepreneur must list two of the UN Millennium Development Goals as its main targets.
Investors can invest in one or as many Opportunities as they wish, either individually or as part of a larger group. It’s free to invest on MyC4 and the minimum investment is €10 (in the interests of simplicity, the unit of currency adopted by MyC4 is MyCredit, which is equivalent to €1). To date, +1000 opportunities have been funded, with +1,500,000 MyCredits uploaded. Moreover, none of the Opportunities have defaulted their repayment.
Who I'd like to meet:
MyC4 - Eradicate Poverty in Africa's Friend Space (Top 40)
MyC4 - Eradicate Poverty in Africa has 9767 friends.
WoW! "In a Universe where everything is connected with everything else, there's no such thing as an accident" Your page is directly correlated with the mission of my business, because I use all african fabrics :-) Thank you for adding me. This is wonderful!
saludos myc4! everything cool over there? VERY GOOD ACTION YOU MAKE!!! we fight the same enemy and just wanted to let ya know .. we just posted a snippet of our upcoming release (2CD|4LP) BOOM BAP BLUES which will hit the streets worldwide JULY 18TH (rapublik records/rough trade). check it out if you want. the release features guest appearances from M-EIGHTY (think differently music group), JERU, MC SPONTAN, INVINCIBLE TEMPLE (popa wu records) and many more ... NOTE: ALL GAINS WILL BE GIVEN TO A BENEFICIAL ORGANISATION! support the project and PRE-ORDER NOW on HHV. DE to get a shirt, poster and stickers for free! one love outta lost hill
