The South-South Investment Model
Video

The South-South Investment Model

Mads Kjaer
World Economic Forum, 2014
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

Though Africa is home to some of the fastest-growing economies in the world, some 308 million Africans lack access to the credit market. MYC4, a crowdfunding platform, offers a sustainable, transparent channel to extend credit to African entrepreneurs. In this presentation, Mads Kjaer co-founder and chairman of MYC4, simply and succinctly describes the firm’s innovative model. Though the organization has since run afoul of a major partner in Kenya and has suspended operations, getAbstract recommends Kjaer’s understated depiction of his impressive idea to investors, entrepreneurs and humanitarians engaged in global economic outreach.

Summary

Some 308 million individuals and 25 million small businesses in Africa lack access to capital, which impedes business development, job creation and economic growth on the continent. Mads Kjaer and his team sought to redress this problem. They launched MYC4, a crowdfunding website that connects global investors directly with African entrepreneurs seeking credit. The platform allows investors to choose the small business to which they wish to lend money.

An entrepreneur who signs up to MYC4 first must undergo an assessment with a loan...

About the Speaker

Mads Kjaer is chairman and co-founder of MYC4, a crowdfunding platform that provides global investor capital to small businesses and entrepreneurs in Africa.

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