 | |
| Company type | Subsidiary |
|---|---|
| Industry | Impact Investing |
| Founded | 2006, in San Jose, California, U.S. |
| Founder | Tracey Pettengill Turner |
| Headquarters | San Jose, California , U.S. |
| Website | www |
MicroPlace was an American microfinance provider that focused on retail investors. Started by Tracey Pettengill Turner in 2006, MicroPlace was bought out by eBay that same year.
MicroPlace provided everyday investors with the ability to make investments in the microfinance industry that had the potential to earn interest.[1] This contrasts with most other services for microlenders, which generally rely on a charitable model.[2] Interest earned was typically between 1 and 3 percent.[3]
The company acted as a broker-dealer and is registered with the SEC and is a member of FINRA.
- ^ "Fight Poverty With Online Microlending". Retrieved 2018-05-17.
- ^ Robert Katz, Kiva vs. MicroPlace - What's the Difference? Archived 2007-10-27 at the Wayback Machine, WorldChanging.com, October 24, 2007. Retrieved November 4, 2007.
- ^ "EBay-owned MicroPlace Launches Microfinance Site". WIRED. Retrieved 2018-05-17.