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The South-South Investment Model
Video

The South-South Investment Model


自动生成的音频
自动生成的音频

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.

Take-Aways

  • Some 308 million individuals and 25 million small businesses in Africa lack access to capital, which impedes business development, job creation and economic growth.
  • An online crowdfunding platform called MYC4 is tackling this deficiency by providing worldwide investors with a direct channel to extend credit to African businesses.
  • MYC4 loan officers assess all entrepreneurs seeking loans to ensure that the sum requested is sufficient and repayable without financially crippling the borrower.

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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