I'm mega excited to be amongst the first members of C4-world, an incredible project that allows private investors to fund entrepreneurial projects in Africa.
The Danish brainboxes behind the project are working towards a goal of eradicating poverty through business. Now that sounds like a great way to invest to me.
According to the email I received yesterday:
We have funded everything from Frank’s loan of 170 Euro to build up his business selling 2nd hand bags and to Joshua’s Printing Service that wished to borrow 1,000 Euro.
The investors have accomplished a wide spread of interest rates from 5% to 50% on their amounts invested!
Love it! I can't wait to get started.
Seen http://www.kiva.org/ ?
Posted by: David Stone | 04 July 2007 at 12:31 PM
Cheers for the link Dave. No, I hadn't seen Kiva before - looks really interesting. I think C4 is particularly cool because of the social networking elements of the system. It'll be interesting to see how much value this adds to the scheme. Seems like microfinance is really taking off following the lead set by the Grameen Bank (http://en.wikipedia.org/wiki/Grameen_Bank)
Posted by: Tom Nixon | 04 July 2007 at 01:54 PM
hi tom,
true pleasure finding you writing about us... appreciate it!
i look very much forward to be working with you on myc4!!!
see you there soon!
tim
Posted by: tim vang | 05 July 2007 at 04:20 PM