eBay’s MicroPlace Making a difference with Microfinance

Microfinance, making small loans, gained tremendous recognition when microcredit pioneer Muhammad Yunus earned a 2006 Nobel Peace Prize for his initiatives at Grameen Bank. Now, thanks to an initiative at eBay, individual investors can also help fight global poverty.
A former Grameen Bank employee named Tracey Pettengill Turner has teamed up with eBay to create MicroPlace, a website dedicated to connecting investors with borrowers around the world.
How it works:

You purchase investments on MicroPlace from security issuers, who are responsible for making interest and principal payments to you. Security issuers use your funds to support loans …read more