|
MYC4
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. On December 7, 2016, the MYC4 Foundation informed its investors it has decided to cease its activity and to liquidate as solvent. The MYC4 Foundation was the independent, non-profit entity, accepting funds from donors and holding investors’ money on escrow and separate from MYC4 A/S. The MYC4 platform has been closed as of June 1st 2019 and will not be reopened. History MYC4 was founded as a joint venture in May 2006 by Mads Kjær, chairman and former CEO of the Kjær Group and Honorary Danish Consul to Ethiopia, and Tim Vang. MYC4 is currently headquartered in Copenhagen, Denmark with a regional office in Nairobi, Kenya. As of the beginning of 2011, it employed 7 people at its Danish office. Between the company's creation to 2011, 19,073 investors from 115 countries had invested more than € 15 million in 8,334 busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance Organizations
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the deliver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Person-to-person 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. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites. Peer-to-peer fundraising encourages supporters of a charity or non-profit organisation to individually raise money. It's a bit subcategory of crowdfunding. Instead of having one main crowdfunding page where everybody donates, people can have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktieselskab
''Aktieselskab'' (; Abbreviation, abbr.: A/S, or a/s, Unicode ; literally meaning: "stock company") is the Denmark, Danish name for a stock-based corporation. An ''aktieselskab'' may be either publicly traded or private. Liability The shareholders of an ''aktieselskab'' are not liable for the debts of the company. This can be used to protect the assets of the company against creditors by forming a group of companies. If an A/S is owned by a holding company (typically another A/S), the profit from the production company can be transferred to the holding company. Since there is no liability for the owners of an A/S, creditors from the production company will not be able to claim the profit in case of bankruptcy. Professional creditors, such as banks, protect themselves from this by demanding that the holding company guarantees the debts of the production company. Formation of an ''aktieselskab'' The formation of an ''aktieselskab'' requires a number of steps, including the followi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east.Jackson, John G. (2001) ''Introduction to African Civilizations'', Citadel Press, p. 201, . Ghana covers an area of , spanning diverse biomes that range from coastal savannas to tropical rainforests. With nearly 31 million inhabitants (according to 2021 census), Ghana is the List of African countries by population, second-most populous country in West Africa, after Nigeria. The capital and List of cities in Ghana, largest city is Accra; other major cities are Kumasi, Tamale, Ghana, Tamale, and Sekondi-Takoradi. The first permanent state in present-day Ghana was the Bono state of the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful were the Kingdom of Dagbon in the north and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizations Established In 2006
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
YouTube
YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the List of most visited websites, second most visited website, after Google Search. YouTube has more than 2.5 billion monthly users who collectively watch more than one billion hours of videos each day. , videos were being uploaded at a rate of more than 500 hours of content per minute. In October 2006, YouTube was bought by Google for $1.65 billion. Google's ownership of YouTube expanded the site's business model, expanding from generating revenue from advertisements alone, to offering paid content such as movies and exclusive content produced by YouTube. It also offers YouTube Premium, a paid subscription option for watching content without ads. YouTube also approved creators to participate in Google's Google AdSens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiva (organization)
Kiva (commonly known by its domain name, Kiva.org) is a 501(c)(3) non-profit organization headquartered in San Francisco, California, that claims to allow people to lend money via the Internet to low-income entrepreneurs and students in 77 countries. Kiva's mission is "to expand financial access to help underserved communities thrive." They have been accused of deceptive business practices, misleading donors into believing their funds would be used for specific individuals and misrepresenting other aspects of their operations. Kiva distributes funds that it receives to microfinance institutions, social impact businesses, schools or non-profit organizations and does not generally directly provide funds to specific individuals. These organizations are charged fees by Kiva and borrowers pay interest on most loans. Kiva is supported by grants, loans, and donations from its users, corporations, and national institutions. Since 2005, Kiva has crowd-funded more than 1.6 million loans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneurship
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. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in themselves. For example, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ulla Tørnæs
Ulla Pedersen Tørnæs (born 4 September 1962 in Esbjerg) is a Danish politician, who is a member of the Folketing for the Liberal Party. She previously sat in parliament from 1994 to 2014, and served as member of the European Parliament from 2014 to 2016. She served as Minister for Development Cooperation from 2016 to 2019, Minister of Higher Education and Science in 2016, Minister of Development Cooperation from 2005 to 2010 and Minister of Education from 2001 to 2005. Political career Role in Danish politics Tørnæs served as Minister for Education in the Cabinet of Anders Fogh Rasmussen I (2001–2005) and as Minister for Development Cooperation in the Cabinet of Anders Fogh Rasmussen II from 18 February 2005. From 2007, she was a member of the World Bank Group’s High Level Advisory Council on Women's Economic Empowerment, which was chaired by Danny Leipziger and Heidemarie Wieczorek-Zeul. She was also a member of the Prime Minister’s Commission on Effective Developm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Development Cooperation Of Denmark
Minister for Development Cooperation of Denmark ( da, Udviklingsminister) is a Danish minister office. The office was introduced with the Cabinet of Poul Nyrup Rasmussen I on 25 January 1993. List of ministers External linksOfficial website- from the Foreign Ministry of Denmark. ReferencesList of Danish governments- From the official website of Folketinget Development Cooperation Development Cooperation Development aid is a type of foreign/international/overseas aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries. Closely-related concepts include: developm ... Foreign relations of Denmark {{Denmark-poli-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch Auction
A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price. This type of price auction is most commonly used for goods that are required to be sold quickly such as flowers, fresh produce, or tobacco. A Dutch auction has also been called a ''clock auction'' or ''open-outcry descending-price auction''. This type of auction shows the advantage of speed since a sale never requires more than one bid. It is strategically similar to a first-price sealed-bid auction. History Herodotus relates an account of a descending price auction in Babylon, suggesting that market mechanisms similar to Dutch auctions were used in ancient times. Descending-price auctions were used in 17th-century Holland for estate sales and paintings. The Dutch manner of auct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AllAfrica
AllAfrica is a website that aggregates news produced primarily on the African continent about all areas of African life, politics, issues and culture. It is available in both English and French and produced by AllAfrica Global Media, which has offices in Cape Town, Dakar, Lagos, Monrovia, Nairobi, and Washington, D.C. AllAfrica is the successor to the African News Service. Its stories can be displayed by categories and subcategories such as country, region, and by news topic. In 2008, AllAfrica rolled out a comment board system. The President of AllAfrica Global Media, Amadou Mahtar Ba, is a member of the International Advisory Board International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ... of the African Press Organization. References External links * ReliefWeb archives of AllAf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Microfinance Organizations")
.jpg "Click for more on -> Social Entrepreneurship")
