Im not speaking from experience and cant give any practical advice on this, but i think that its a splendid idea.
Even if the articles are auto-translated and dont make perfect sense, it doesnt matter. Now at least you have some chances on getting those foreign eyeballs on your content, while before you had none.
But i think monetizing with ads (CPM CPC) will be better in this case than affiliate links or any links that lead to English sites.
Just because how likely is your French Spanish Zimbabwean person to click a link from your article in their language, go to a site/page in English, and make a purchase? Id say not very.
Anyway, i think its a good idea. Let us know if you do it and how you did it.