The number of African businesses looking for funding via MYC4 is growing by the day. In 2011, €2 million was disbursed to 1,160 businesses. In 2012, this number is expected to double.
MYC4 has so far disbursed loans worth +15m Euro to over 8,000 African SMEs. The performance of the MYC4 portfolio has been very good the past two years and availability of loans on the MYC4 platform is growing steadily month-by-month. To ensure that this trend continues and more businesses in Africa access the much needed funding, MYC4 is seeking Institutional Investors and other Socially Responsible Investors that want to utilize the opportunity to invest directly in African SMEs in an easy and efficient manner.
The outstanding portfolio on MYC4 is expected to increase from €1.25 million in January 2012 to €2.5 million by the end of 2012. This growth, primarily driven by the demand for funds by businesses in Africa, will require an addition € 1 million in new liquidity on the platform. Already, €150,000 has been committed and released by the largest institutional investor on the platform, The Way Forward.
To know more about the investment possibilities that the MYC4 platform holds, read and download our new Impact Investment document here: Investment Vehicle for SRI in Africa