| Acquired by | eBay |
| Date | 4/07 |
| Terms | Cash |
| Website | microplace.com |
| Blog | microplaceblog.com |
| Category | Consumer Web |
| Phone | (866) 478-3229 |
| Employees | 15 |
| Founded | 1/07 |
MicroPlace is a social business owned by eBay. It focuses on microfinance loans sent via the internet, utilizing PayPal, allowing users to choose specific lending clients and businesses and loan them money over a designated period of time. Unlike competitor Kiva, investments are returned to the lendee with interest.
Microplace’s stated mission is to alleviate global poverty by offering investments that enable loans to hardworking poor people.
