Investor Blog

Below you will find Blog postings from this specific Investor.


Investor return

Peter Schmidt | 17.01.2011 22:21:59 CET | 7 Comments
Am I the only one thinking of microcredit as a risky business.

It seems like there is a contest, bringing interest down  long after a loan is funded.

I don't think it is good for either the business, investors or MyC4-providers and so.

I do not believe in just giving you money away- at least not in the case where you want to empower business.
Taking currency loss and defaults in account it seems difficult to just keep your amount invested- I'm not necessarily seeking a great return,  but I see MyC4 as a way to make an investment and at the same time helping -
I see the possibility to invest with a positive return as an important way to bring money to Africa. We have tried for several years to help by donations, and in my opinion not with a very good result.
Right now its my belief that African business is in the need of money to get started- And MyC4 seems like a good way to bring the money down there. I believe in good intentions, the will and the transparency of MyC4.

At times loans doesn't get 100% funded- money is needed- since the loans are often just half funded-
Usually a fully funded will be disbursed since interest  often goes down below the wanted interest rate-- But I just dont understand why investors keep lowering their bids on allready "green" loans - Why not try to bid on a loan that needs the funding- . You will get a better return- the business get funded- both important for the wellbeing of MyC4.
From now on I will not bid on loans with an interest below max 1% of the wanted interest. I loose money if I bid lower. That means that a business with a wanted interest on eg. 15 % will not receive my bid if the  actual interest is lower than 14%- and I will certainly not go lower than about 16 % on my bids. It' my feeling that a lot of the "old" investors learned the lesson too, and bids relatively high. 

I need some "friends" here with the same point of view. Since I don't have enough funds I need some that could form a group-- funding loans and stop at a certain level.

I have 130 Euro on my account-- it rises 20-30 every week- but unfortunately I get kicked out to often, and seldom get an active loan.
In my opinion bidding low, and kicking out others scares more people than it attracts-- thats not a helping hand to the African business.
Contact me here or on facebook if you want to bid like a group

Regards Peter

ps- my really high bids are of course not realistic- and thats not where I want the investor -interest level- these are just comercial-bids for my blog- and- a guarantee that I will get kicked out quickly on a fully funded loan


Copenhagen - Kampala - Maasai Mara

Peter Schmidt | 30.09.2008 00:36:27 CET | 1 Comments
In May I won the contest on MyC4, by getting the most Investors on the platform, using the Invite a Friend. It has unfortunately been really hard work. Most people get anxious talking about investing in Africa- and I guess find it difficult to get the time to learn about the concept-
Well her we are- In Kampala- just outside in a lodge called Cassia- A really nice place- and the Internet is nice, telling Breaking News from here.
I will tell about the trip- partly here- partly via links to business that we have been visiting
I was lucky my daughter Camille didn't hesitate joining the tour. She is so funny- and always with a good spirit- at least on tour^%#$.
We started early- 4 am from our home in Copenhagen. Due to bombscare the flight was 4 hours delayed in Schiphol. It's not the worst place to get stocked- if it wasn't because the delay was announced just as we were going to depart- sitting in the plane#"¤%.

Fortunately the driver who picked us up in Entebbe, was a patient man- and he was still standing with the poster, as we got out from the customs- a 50$ visa richer-
BTW landing in the dark is some experience- suddenly you are on the ground- just with a short feeling of something is going totally wrong.

Telling what time it is not easy- several proposals- meaning we had a really good sleep- and woke up as the restaurant was about to serve lunch- We did get a nice breakfast although- The Ananas( that's how it is called here- just like home) is fantastic- with a good bite, sweet and juicy- so tasteful.

Day 2-10

Day 2
In the early afternoon we met Mette from MyC4- what a "guide". She has been here for a month and was ready to bring us around Kampala City, and places I wouldn't have dared going ourselves.
We started out, walking to "The old TaxiparK". It's a big mess, but no one seems to worry about being able to get out from there. Nearly all the taxies are constantly moving around, giving rooom for others to get further in or out.

We met  Esther Kemigisha. It wasn't planned, but Mette, and Esther recognized each other and we had a talk. The green apples are bought from a loan from MyC4- or actually these are bought from the profit she made from being able to sell more fruit. Apples are not so common in Kampala- and these were imported from South-Africa. She was looking really happy, smiling and laughing, and in some way our presence attracted some other people, with a friend of her performing a small dance- and still a lot of laughing.

A large market with around 50.000 people more or less spending a whole life in there lies just around the corner. St. Balikuddembe or Owino market has special focus on helping people with HIV-infection- giving them treatment and education on HIV/AIDS awareness and prevention. Hard to see they need more stock there- maybe in a better quality. A lot I guess stems from collections of old stuff in Europe. And it was hard to imagine how thing would be managed in tropicheavy rain. Maybe the don't worry so much.
People in Kampala were so friendly. In this very crowded area, and all the other places we were- even at night time- we experienced no problems.

Young man keeping an eye, on the business

Imagine the noise of  several grinding mills, people shouting, the sweet smell of peanuts.

Singer Rocks.
They are so skill-full. The clothes just spits out of the machines.

Some food stuff

Dont just throw away your old radio.

Night at Cassia-Lodge- with the look of Kampala as a juvel blinking in the horizont, lightning from thunderstorms in the distance, lovely food in the restaurant and a super staff.

Day 3
We went rafting together with Mette.
The sun was shining- we had a 1½ hour bus drive ( free shuttle) from Kampala to Jinja where the River Nile has its source from the Lake Victoria . The Nile is lively all the way though Uganda and a paradise for people rafting or kayaking. Several companies resides in Jinja- and there is plenty of room on the Nile.
The tour from Jinja to the drop-point at the nile was another hour, through lush landscapes, children running to see -who's comming, huts,colourfull houses, cows and coats on the road,  - just a lot to see, and giving impression of people living OK but very simple lives.
At the arrival to the nile around here we were met with a noisily buzz from a rapid out of category
View Larger Map

Jane our South African Guide had been here for 7 years. She was really pleasant and patient, giving us good comfort on the ride. After a thorough introduction we went away, together  with 3 or 4 guides in a kayak, and one in a safety-raft. Great adventure- We flipped two times , one just to practice, and the second time to see if we had learned the lesson. If you flip over- dont panic, as long as you are in white water- you cant do nothing but crouch, and wait to get on the surface within 10-15 seconds. In the meantime dont breathe, besides ultrashort nips of air- you will certainly get a wave over you again. Camille swallowed some water- and I didn't like her expession in the face as she came out from being under the tipped raft - fortunately she really liked it and wondered why I looked so worried.
On the borders of the Nile you will see, exploitation off all land. This is a change from when Jane was here at first. Land is needed, and even if the yield is poor, farmers burn of the forest/jungle. Animal life is poor comparing to past times , (well i'm glad the crocks didn't swim around( is that fair?? I dont like crocks, but apes and birds are nice!!!!))
At the end of the tour we met some people waiting for a ferry- dressed for feast or some kind of celebration- Unfortunately didn' get a picture( camera in the waterproof box)- but i t was a sight in the middel of NW. I did get a picture of the boys waiting, hoping to be able to help a little and have a coin.

Camille and Mette

Jane in the middle

These are happy guys

Day 4
The sun rose at 6.30 and visiting business started at 8.

View Larger Map 

For a description of the other business please press the google map-link just above here

Rita Namujjumbi. biz id. 366,
(Click on the pictures to enlarge)
We started out in Rita's nursery school with two class's, one that would be like a Danish kindergaten with kids around 5 years, and the second a year older. The house was so decorative and the interior too. Rita made it all herself, most sewn by hand. All items had a sign on with the english term- "table-pencil- blackboard". Rita was so nice, with a calm voice, and the children so quiet too- (only because of our visit she told). She was so glad we would visit her, and the pupils performed a song- with lively dancing and so different from what i have seen elsewhere( although the children at "Bording Friskole" in Copenhagen sings quite well too). We ended up with a big bowl of bananas and sugarcane- and could luckily share it with the kids.
Rita told she had used the loan from MyC4 to buy some furniture. Before the children was sitting on the ground. Now its only the youngest class that doesn't have chairs and tables. The school has been quite popular and rose from 6 til 40 children in a few years.
The loan is repaid, and she is about to apply for a new- I hope to be a ( social ) investor there too. I think Rita seems so enthusiastic about her work and a great gift for the community. SO HAPPY having the opportunity to meet her.

Video from Ritas Nursery school. Pupils singing "The wheels on the bus" and
"Making melody in my heart"


Going to Uganda

Peter Schmidt | 23.05.2008 00:00:14 CET | 1 Comments

So great to have the opportunity to go somewhere I would never have dreamt of months ago.


Winning the contest is both fantastic, and I am glad that at least some of the many people I tried to convince, jumped into this nice place. I still hope to convince many more.


This blog will be my own tool to keep a track of the things we might see and do in Uganda.

You are welcome to post ideas- and comments.


My daughter soon 13, will accompaign- she is an investor too- and eager to see the people and opportunities we have invested in. This will hopefully give us the opportunity to get a close look into the Ugandan peoples daily life. Visit markets, restaurants, schools and farms could be so great.

Besides we want to see the nature around- and we are sure that the Cassialodge will be perfect spending the evenings writing the dairy. My guess is it lies here- with a view to the great Lake Victoria.


We hope to be able to travel in end September- and will off course keep you updated once there.



My first thoughts beeing on MyC4

Peter Schmidt | 28.12.2007 10:03:08 CET | 11 Comments

dec o7

Been her for a month, and made som thoughts about the idea, the way to invest and "is this sure".

Don't know much about Africa, but understand that lending money is Extremely expensive- and the possibility for me to fond a better loan is at maybe 5-10 times more attractive than the local opportunity-- In that way MyC4 can only be to the benefit of all- and fantastic that innovative people get the idea of making MyC4.

I hope it will soon become a good business- for the investors- even though I heard that the project was not necesserely ment to be a "bussiness"
The monthly expenses for saleries, office,webserver... should be at least 30000MyC
360000/year- so you need around 20mio to be invested- Is that a realistic goal??

It seems like there is a setup locally (FED??)- are the needs for loans deepless? or will there be a limit- thereby decreasing the interest to invest.

For me it is crucial that the investment is relatively sure, I tried to find issues about this- not lending to the Opportunities", but leaving your money with MyC4-Are there any risk loosing your money to MyC4, or is the risk solely regarding the Opportunity, and the ability to pay back.

Why not having a an insurrance-- you leave 0,??%, and share if your Opportunity is broke.

I see a great difference in charity and MyC4- some people obviously- lend out the money- as charity. Low rates just seems to benefit people like me, that wants to place bid close to the maximum.- Though sometimes - If I very much like the Opportunity- I place bids to bring down rates on already fonded Opportunities.
In that way I would suggest people who are here for charity- to invest when the opportunity is already fonded.
Yeah- The idea of charity is much more important than me making a good deal. But when I'm in to charity I do it with other fonds- Here I can hopefully place some money, later to be taken out- not given away.

Until now I havn't been looking wery much on the purpose of the Opportunity- Most of them though seems like good things to support- 

More to come

Best Wishes