We thought it was time for another investor testimonial, and this time we wanted to talk with a newer investor on MYC4. When we contacted Eigil Myrhøj Nielsen, investor since September 2012, he immediately offered to help us out with a little interview.
Why did you start using MYC4?
I actually first heard about MYC4 a couple of years ago and wanted to begin but didn’t have the time I thought I needed to get started. In September 2012, I ended up in the hospital and as some of you might know it is limited what you can do from a hospital bed, so I started with €100 and after this realized that is was actually way more simple than I thought.
Why do you invest on MYC4 – what’s the first thing that comes to mind?
One of the reasons why I chose to use MYC4 to invest in Africa was because of the transparency and simplicity on the platform while not having to lose money to help others again and again.
What’s the best and worst thing about MYC4?
MYC4 works! I have never experienced any problems with the platform and it is easier to use than you think. Also when I don’t have time to invest I can use the Auto Bid function to get my funds invested.
It could be nice to have an app for my iPhone or iPad – good for promotion and nice to check repayments and so on.
If you should present MYC4 to somebody who had never heard about us before, what would you emphasize?
Together with other investors you can help where it is needed. I would also emphasize the togetherness, the shared risk you get on MYC4 and of cause that you can try it out for only €5.
If you could tell everyone about one aspect in relation to MYC4, critical or positive, what would you tell about?
That you can contribute with the funds you find suitable and can together with other investors help other people develop their small businesses, create jobs etc.
What do you consider as competitors/alternatives to MYC4?
There are of course different alternatives to MYC4, but for me I was sure that the money I wanted to invest in Africa should be through MYC4. For investors who don’t want to spend the time investing, the investment funds such as the BankInvest and SydInvest could be an easier alernative to MYC4.
What do you think MYC4 will look like in the future?
In the future I hope to see more loans where I will be able to have a wider selection of business industries and countries. Also if MYC4 was able to set up different investment funds which could be for countries, partners, industries, interest rates or amounts, the investor could chose the fund that matched his needs.