3 years of hard work is showing its potential. Today, for the first time ever, MYC4 has more than 300 open loans from 7 different providers in Kenya, Uganda, Tanzania, and Rwanda, amounting to more than 270,000 euro.
MYC4 has doubled the Open Loan Book (OLB) since January 2012 and today the OLB is above 2,000,000 Euro disbursed to 3,250 micro- and small businesses, still with a high quality of loans with a portfolio at risk (PAR) below 5% and a default rate below 2%.
Yet, we need help – the current 19,361 investors cannot fund the full amount of loans open for bidding and therefore we need more capital on the platform to ensure that the open loans won’t cancel.
So if you consider increasing your funds on MYC4, now is the time.
Any leads and ideas are welcomed – and thank YOU in advance.