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Microfinancing – a tool for change

Do you want to help Hosea Anthony Kihanza from Tanzania increase his stock in his pharmacy? Or make the woman Margaret Kanuthu Karanjaa’s dream come true of expanding her shop with clothes, arts and crafts in Nairobi?

Without a big trustfond or savings you can do so by using the microfinancing tool MYC4. It works as a platform which connects people from the Third World who have a business plan with ordinary people who like to invest in small businesses thus skipping the traditional chain of financing via bank loans.

You help but it’s also an investment. The status today says: So far 15,450 investors from 91countries have invested 9,077,259 in 4,753 businesses in 7 African countries. The average interest rate for investors
is 13.1% p.a.

Check out:

I will keep you up-to-date on microfinancing which is a trend that has proven sustainable in a number of cases displaying a business model which society has started to become increasingly interested in.

This video took a prize at the Danish competition Press Photo of the Year: YouTube Preview Image



3 Responses to “Microfinancing – a tool for change”

  1. name Says:

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  3. name Says:

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