MyNiceTie's Business Model

In typical business transactions only two parties win, the customer wins by enjoying value from a product (hopefully), and the business wins through revenue and profits. In MyNiceTie's business model, one other party participates in the transaction, and that is those in poverty.

MyNicetie takes 20% of its revenue (nearly 40% of its profit) and loans it to entrepreneurs in third world countries at 0% interest. Meet those you have helped so far. We sacrifice some profit until the loans are paid back, and ambitious entrepreneurs in third world countries are given a chance not otherwise possible.

How Do We Get The Loans To The Third World?

Our loans are made possible by an organization called KIVA. KIVA is a unique micro-financing company because it connects everyday people (and companies like MyNiceTie) in developed countries with everyday people in struggling countries. MyNiceTie gives the money to KIVA and they manage the distribution and repayment of funds. After the loans are repaid, MyNiceTie either re-loans the money (which is what we do up to this point), or we use it like any other company would.

The recipients of these loans are ambitious and enterprising. Some are peanut makers that need as little as $25 to buy the necessary equipment to become profitable. Others are delivery drivers that could start their own business if they could only get a $50 bicycle. They have ideas and they come to KIVA for funds.

Conclusion

It doesn’t take a rocket scientist to know that there is a great need in the world. Many of us want to help any way possible and wish we could do more. MyNiceTie and KIVA can help you help others.

Please share this page and help us change lives one loan at a time. Thanks.