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MYC4, the Glossary

MYC4 A/S was a company that allowed its users to invest microcredits via an internet-platform in medium and small businesses in developing countries in Africa.^[1]

26 relations: Africa, Aktieselskab, AllAfrica, Côte d'Ivoire, Chief executive officer, Copenhagen, Denmark, Developing country, Dutch auction, Euro, Ghana, Joint venture, Kenya, Kiva (organization), Microcredit, Minister for Development Cooperation (Denmark), Nairobi, Organizational founder, Peer-to-peer lending, Rwanda, Senegal, Social entrepreneurship, Tanzania, Uganda, Ulla Tørnæs, YouTube.
Peer-to-peer charities

Africa

Africa is the world's second-largest and second-most populous continent after Asia.

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Aktieselskab

(abbr.: A/S or a/s) is the Danish name for a stock-based corporation. An aktieselskab may be either publicly traded or private.

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AllAfrica

allAfrica is a website that aggregates and produces news primarily on the African continent about all areas of African life, politics, issues and culture.

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Côte d'Ivoire

Côte d'Ivoire, also known as Ivory Coast and officially known as the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa.

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A chief executive officer (CEO) (chief executive (CE), or managing director (MD) in the UK) is the highest officer charged with the management of an organization especially a company or nonprofit institution.

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Copenhagen

Copenhagen (København) is the capital and most populous city of Denmark, with a population of 1.4 million in the urban area.

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Denmark

Denmark (Danmark) is a Nordic country in the south-central portion of Northern Europe.

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Developing country

A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries.

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Dutch auction

A Dutch auction is one of several similar types of auctions for buying or selling goods.

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Euro

The euro (symbol: €; currency code: EUR) is the official currency of 20 of the member states of the European Union.

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Ghana

Ghana, officially the Republic of Ghana, is a country in West Africa.

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Joint venture

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

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Kenya

Kenya, officially the Republic of Kenya (Jamhuri ya Kenya), is a country in East Africa.

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Kiva (organization)

Kiva Microfunds is a 501(c)(3) non-profit organization headquartered in San Francisco, California. MYC4 and Kiva (organization) are Microfinance organizations and Peer-to-peer charities.

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Microcredit

Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history.

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Minister for Development Cooperation (Denmark)

Minister for Development Cooperation of Denmark (Udviklingsminister) is a Danish Government ministerial office.

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Nairobi

Nairobi is the capital and largest city of Kenya.

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Organizational founder

An organizational founder is a person who has undertaken some or all of the formational work needed to create a new organization, whether it is a business, a charitable organization, a governing body, a school, a group of entertainers, or any other type of organization.

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Peer-to-peer lending

Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers.

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Rwanda

Rwanda, officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator, Rwanda is bordered by Uganda, Tanzania, Burundi, and the Democratic Republic of the Congo.

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Senegal

Senegal, officially the Republic of Senegal, is the westernmost country in West Africa, situated on the Atlantic Ocean coastline. Senegal is bordered by Mauritania to the north, Mali to the east, Guinea to the southeast and Guinea-Bissau to the southwest. Senegal nearly surrounds The Gambia, a country occupying a narrow sliver of land along the banks of the Gambia River, which separates Senegal's southern region of Casamance from the rest of the country.

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Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues.

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References

[1] https://en.wikipedia.org/wiki/MYC4