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.

Milestones
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MicroPlace was acquired by eBay. (4/1/07)

Posted 8/27/07 at 6:54am
MicroPlace added Dana Schmidt as CCO, Customer Service.

Posted 1/8/09 at 3:49pm
MicroPlace added Paul Blyth as head of Finance.

Posted 1/8/09 at 3:49pm
MicroPlace added Tracey Petengill Turner as Founder.

Posted 1/8/09 at 3:49pm
MicroPlace added Ashwini Narayanan as General Manager.

Posted 1/8/09 at 3:49pm
MicroPlace added Julio Santos as Chief of Technology.

Posted 1/8/09 at 3:49pm