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Where Grameen Bank meets e-Bay in an African marketplace (and everyone wins)

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While share prices have been falling and banks have been offering measly interest rates, MYC4 investors have been earning an average gross interest rate of 12.9 per cent a year from investments made from the comfort of their home. Too good to be true? According to Mads Kjaer, CEO of the online marketplace MYC4, “investors set the interest rate themselves and bid for it, and many hard-core investors realise even much higher yields.”

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en

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text/html

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http://knowledge.insead.edu/WhereGrameenBankmeetse-Bay090213.cfm

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Copyright INSEAD. All rights reserved