November 27, 2008

MyC4

I read about MyC4 in this Times Online article. Here’s an extract:
"The idea is alarmingly simple. Through the MyC4.com website, investors put in as little as €5 towards a loan. There are pictures and detailed information about the entrepreneurs seeking financial injections – in most cases the owners of small businesses such as corner shops, cafés or local garages. People such as Steven in Uganda, who is looking for €3,450 to buy a pickup truck for his pig farm. An earlier loan was used to acquire more pigs, which helped his monthly salary rise by €200."

Try out MyC4 yourself by clicking here. I came across the article through MyC4.
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