Monday, August 4, 2014

Do BlueBees, Do BlueBees, Do

If you're a small, unfunded African entrepreneur, you'll always have Parisian crowdfunding;
BlueBees specializes in entrepreneurs from developing countries, bringing them together with investors from Europe. "Jacques Georges [Badjang] is a really serious entrepreneur," said Emmanuelle Paillat, managing director of BlueBees. "He needs us, because he has no access to the banks. In Cameroon, they would ask him for surety and he can't provide it - despite the fact that his firm has been in existence for ten years," he said.
"Les Mielleries" was BlueBees' very first project and was launched in the spring of 2013. Badjang borrowed 20,000 euros ($26,900) for his honey business from more than 100 creditors.
It was a worthwhile investment for all involved. After just six months, Badjang had paid back the loan -- plus ten percent in interest. One percent went to the BlueBees platform.
Good time to re-read Robert Shiller's Finance and the Good Society.

1 comment:

  1. What selfish investing. The investors got a measly 10% gain, and the beekeeper expanded his business.

    But, if the investors had spent the cash, Keynes says that 5 times that amount of productions would have been produced, somewhere, somehow.

    When will ecnonomists wake up. (sarc)