MYC4 consists of a crew of dedicated people located in our headquarters in Copenhagen, Denmark, and in our regional office in Nairobi, Kenya. You can read more about MYC4's Staff, Board and Shareholders below.


Mads Kjær, CEO and co-founder, Danish, mads@myc4.com
Mads has been working in Kjaer Group A/S since 1984 whereas the last 20 years as CEO and from August 2006 as the Chairman. Kjaer Group A/S has been awarded Denmark’s Best Workplace in 2003 and 2004 and between Europe’s 10 Best Workplaces in 2005. Mads has 25 years market experience from emerging countries and lived in Zimbabwe, Uganda, South Africa and is the Honorary Consul for Ethiopia in Denmark. Chairman and majority shareholder in Kjaer Group. See Mads' profile on LinkedIn and follow him on Twitter.

"If we can walk on the moon.... we can also END POVERTY."

Eric Naivasha, Director East Africa, Kenyan, eric@myc4.com
Eric is a Microfinance Expert with over ten years experience in microfinance operations, monitoring and evaluation, impact assessment of microfinance programmes, consulting and capacity building with a focus on microfinance banking, MSE development, cooperatives and community banking. Eric holds a postgraduate degree in Economics, accounting and auditing experience.  He has practical experience in financial operations, research and development of financial products, business planning, due diligence, microfinance best practice, institutional development and fundraising and has worked in over 10 African countries in the last 10 years.

“I get great motivation from understanding that poverty can be alleviated through business. This is what MYC4 stands for. Personally, it is richly rewarding to be part of a special team that enables African entrepreneurs access fairly priced capital located thousands of miles away”

Flemming Eltang, CFO, Danishflemming@myc4.com
Flemming Eltang holds a Master Degree in Auditing and is a qualified Danish State Authorized Accountant. His work experience started with 10 years as an auditor followed by 7 years as Financial manager in 2 manufacturing companies and 12 years as CFO of Kjaer Group where he got extensive experience in working with Africa. This was followed by 2 years posting as General Director (CEO) of Nissan Vietnam in Hanoi. Lately he has been working as CFO and consultant for MYC4, its majority shareholder The Way Forward and an international logistic company. Besides he has been teaching Financial accounting and reporting at he University and over the last 10 years served as external non executive Board member of 4 different industrial companies.

Titus Kuria, Credit Operations Manager, Kenyan, titus@myc4.com
Titus is a banking and finance professional with over nine years working experience in credit management, relationship management, banking operations, management of microfinance operations, financial analysis and investments evaluation. He worked with leading East African banks, Cooperative Bank, ABC bank and Equity bank in various positions in banking and micro-credit. He has also worked with Oikocredit, identifying and evaluating socially relevant projects for funding. Prior to joining MYC4 he worked as a private microfinance consultant assisting clients in product development, systems audit, feasibility study, system implementation, staff recruitment among others, his last role being general manager in Ngao Credit, a local micro-finance institution. Titus holds a Bachelors Degree in Commerce and an executive MBA. He is also certified public accountant. Follow Titus on Twitter.

“Having grown up in the slums of Kenya, I was always amazed at the number of brilliant business ideas that were not fully harnessed or at best were steeped in mediocrity due to lack of funding. I am proud to be part of MYC4 vision of eradicating poverty by the year 2015 through connecting these business ideas to the requisite finance.”

Githa Kurdahl, Operations Manager, Danish, githa@myc4.com
Githa holds a bachelor’s degree in Business, Language and Culture and a master's degree in Business and Development Studies (cand.merc.int) from Copenhagen Business School (CBS). In 2008, Githa spent four months as an intern with MYC4's partner in Côte d'Ivoire before joining the MYC4 Operations team in Copenhagen. She has later spent more than 18 months at MYC4's office in Nairobi, Kenya. Besides Danish and English, she speaks French and is currently learning Swahili. Follow Githa on Twitter.

“During my time in Africa, I have witnessed firsthand the change that a single loan can make and seen the passion and pride that empowerment brings. At the same time I have faced the tough realities of making this change happen. I therefore now want to use my passion and skills to support MYC4 in becoming a real and effective tool for change in people’s lives.”

Kevin Njoroge Njuguna, Partnership Relations Officer, Kenyan, kevin@myc4.com
Kevin has a Bachelors degree in Sociology and Communication from the University of Nairobi and a Certified Public Accountant. As an intern he has had experience working in the East Africa region in finance and service sectors for the last two years. Kevin has a passion to empower people to improve their livelihood and those around them, to this end he believes MYC4 is the best vehicle in Africa to help him achieve that.

“Africa has a great potential for tremendous economic and social growth, being part of MYC4 helps me empower the African people to realise this vision.”

Karl Kristian Kjær, Investor Relations & PR, Danish, karl@myc4.com
Karl Kristian is fresh of the tree in the world of micro financing, but has had experiences with Africa from a young age, where he has lived in 5 different African countries. Karl graduated from Svendborg Business College in 2010 and started working for MYC4 in August 2011 after a four months internship at Vestergaard Frandsen in Nairobi, Kenya.

"I always wonder why Africa is associated with the 'problem continent' – I see Africa as the opportunity and solution!"

Ritah Paulyne Majimbo, Operations Assistant, Kenyan, ritah@myc4.com
Ritah is a young and hardworking lady, who has just joined the cooperate world after clearing her course in Journalism and Mass Communication. She plans going back to school to further her studies. She has always wanted to do something to the community and working with the MYC4 team is a dream come true, her day ends with a smile after watching someones´s life changed.

"There are a million reasons why Africa is rich in all the colors´ working with MYC4 makes me see and know it in all the angles"

Sally Imoh, Operations Assistant, Kenyan, sally@myc4.com
Sally joined MYC4 as a business intern in April 2012. She holds a Diploma in Information studies, from the University of Nairobi. Her area of study is in research, dissemination of information and organisation and retrieval of information materials. She has a deep passion and interest to help the less fortunate in the society, fight gender in-equality as well as advocate for Children rights. Sally is an ambitious lady and would like to further education and pursue a degree in Bachelor of commerce to deepen her knowledge in this field and improve on analytical skills. By this she believes she will be able to serve the organisation much better.

"Children are our future, when we empower small entrepreneurs not only in Africa, but all over the world, the the future is bright"

Bayollah Malesi, Receptionist, Kenyan, bayollah@myc4.com
Bayollah is an enthusiastic and cheerful young lady who comes from a humble background. She is self motivated and has a passion to help solve problems where required and ensure smooth running of daily operations. She joined MYC4 as the receptionist in January 2012 and has brought great input in the Nairobi office. Bayollah is an ambitious lady and would like to further education pursue a Diploma in Business Management so as to serve the organisation. 

"Never let grass grow under you feet, work hard to get to the side which has greener grass. Also never lose hope till you get it, so work hard for it.”

Hans-Emil Kjær, Student Assistant, Danish, hans-emil@myc4.com
Hans-Emil has lived in Africa for a year, where he has experienced the African culture and ways of living. Therefore it was natural for him to enter a company that works with African businesses. Hans-Emil started studying economics at Copenhagen Business School in September 2011, and has simultaneously been working in the finance department of MYC4.

"Poverty is a definition, be part of changing it"

Louise Ravn Christiansen, Volunteer, Danish, louise@myc4.com
Louise holds an MSc degree in Violence, Conflict and Development from the School of Oriental and African Studies (SOAS) in London and a BA in Political Science, with a focus on International Relations, from Stony Brook University in New York. She has experience from various development and human rights organizations, from political collaborations such as the United Nations Development Programme (UNDP) to behind-the-scenes NGOs. Louise has lived around the world, including the United States, England and Malaysia, and she is fluent in Danish and English.

"Africa is a continent that is filled with proud entrepreneurs who are willing to work to change their destines and the lives of many.”


Niels Thuesen, Chairman
Niels has for more than 20 years been working with emerging markets from an investment perspective and has an extensive network related to professional investors. In relation to emerging markets, he has been architecting a Public Private Partnership related to stimulate the private sector in emerging markets. In he’s carrier he has extensive experience from managing and transforming companies in the growth faze from small companies to large companies, and managing financial investments.

Present, he holds a number of positions as board member and is involved in M&A activities and asset management through he’s own company. Furthermore, he is member of the advisory board to HE the president of Mozambique, where he is advising in how to develop the private sector.

For eleven years, from 1998 to 2008, he was CEO for BankInvest Group; an asset manager with specialized asset management teams dedicated to frontier markets and emerging markets (private equity, credits and listed stocks). Over that period, the company more that 20 doubled Net Profits to owners, more than 10 doubled Assets under Management and 5 doubled the number of employees.

For eight years, from 1990 to 1997, Niels was CIO and managing director (CIO and COO) for BankInvest Group and before that portfolio manager for the same company from 1987.

Tim Vang
Tim has over 15 years of experience with establishing, shaping and growing (start-up) companies. Tim is Co-founder of MYC4 and before entering the MYC4 Board, he was Deputy CEO of MYC4. He is currently working in a myriad of companies using his disruptive approach and determination to help secure focus and growth. Prior 8 years to MYC4, Tim ran a consulting company delivering innovative solutions to customers around leadership. Tim started his career while doing his Master where he was Co-founder of SICEF (Scandinavian International Career & Education Fair), which today is among the most important Nordic graduate career fairs. Tim has a M.Sc. in Economics and Business Administration (concentration in International Marketing and Management) from Copenhagen Business School.

See Tim's profile on LinkedIn and follow him on Twitter.

Lukas Wellen
Lukas has 15 years of microfinance experience in both advisory and management roles, with extensive field experience in Africa, Eastern Europe and Asia. He studied Macro Economics and financial systems in Amsterdam and South Africa. After working at the risk department of Rabobank, he joined ProCreditBank, first in the Balkans, followed by the Ukraine. After this experience Lukas moved to Central Vietnam, where he was responsible for economic development and microfinance programmes. Three years later Lukas moved back to Holland and was at Triple Jump responsible for delivering technical assistance to MFIs in the Caucasus and East Africa. Since 2007 Lukas works on mobile banking and he started Musoni mobile microfinance in 2009. Lukas also has experience with governance in Cambodia, Georgia and Azerbaijan.

Steven Thomas
Steven has over 25 years experience working with technology, primarily in the financial sector. He is currently Chief Technology Officer at SMT Data - a Danish software development company that delivers IT Business Intelligence solutions. Steven was CTO and Deputy CEO at MYC4 from 2009-2011 where he played a key role in implementing the organizational and processes changes that significantly improved portfolio quality while also reducing MYC4's operational costs.

Steven's Positions prior to MYC4 include freelance management consulting, Executive Director for Program Management at Saxo Bank, and Vice President at Fidelity Information Services. Steven started his career with 19 years at IBM working with software development and database tools and methods - originally as a programmer, later as a consultant and then as a project manager and people manager.  Steven has a Master's degree in Computer Science from Stanford and a Bachelors degree in Psychology from University of Oregon.

Iris Ollivault
Iris is still quite new to the microfinance sector, and thus dedicates energy to growing more skills everyday. Starting in 2010 with the coordination of a large donor-funded project in East Africa, Iris was appointed investments scout to help participating microfinance institutions (MFIs) attract funding to sustain their growth. Having initiated solid partnerships with crowd-funding platforms, she worked on growing donor’s awareness on the Peer-to-Peer case through studies and presentations. Iris now collaborates with Planet Rating as an analyst assessing the performance of European MFIs and with MFTransparency on the harmonization of microfinance pricing information for Morocco, Cambodia, Bolivia and Peru. She graduated from Sciences Po Lille in 2009 with a major in Economics and Finance, and also holds a Master’s degree in corporate communication.

See Iris’ profile on Linkedin.


Founding shareholders:
Kjaer Group A/S (DK)
The Way Forward ApS (DK)
casa-share ApS (DK)

Other shareholders:
Middelfart Sparekasse A/S (DK)
Dutch Oak Tree Foundation (NL)
SeiAr Invest Aps (DK)
Mikkel Vestergaard Frandsen (CH)
DOEN Foundation (NL)