We are very excited about the potential of online microfinance: Imagine a world where ambitious and innovative entrepreneurs are not dependent on the goodwill and random decision-making of big financial players anymore. This is the true web 2.0 spirit we believe in as a company.

And yes, the idea of microfinance might have been emerged in the context of developing countries, but it’s not limited to third world projects. Similar platforms have been founded in Europe to support European projects.

We’ll kick-off with 10,000 Euros, using different platforms and supporting different projects. For example we invested in Sammy Ngure Kungu’s cyber café in Kenya. Sammy plans to expand his business and would like to buy more computers.

And we supported the Nancy Patiño Menacho Group, an ambitious group of female entrepreneurs in Bolivia. The group members are involved in varoius economic activities such as cosmetics or food shops and internet cafés.

Of course we will keep you up to date on the progress on this blog and will soon introduce more projects we invest in.

We hope that many of you will follow us on this way and are now as thrilled about microfinance as we are.

Have a merry Christmas and a happy new year,

Thomas Hessler
and the whole zanox team