Overview

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Status
Acquired by on March 30, 2007
Headquarters:
San Francisco, CA
Description:
MicroPlace is a social business offering microfinance loans via internet and PayPal to retail investors.
Founders:
Website:
http://www.microplace.com
Social:

Company Details

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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.

Current Team (4)

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Competitors (6)

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  • An online charity that makes it easy for anyone to help students in need.
  • The Kiva Zip community provides access to 0% interest loans and a community passionate about helping entrepreneurs in the United States.
  • To create an alternative to banks that offers both borrowers and investors a great rate.
  • MicroGiving is a direct online person-to-person lending model helping individuals with immediate needs.
  • The first marketplace lender in the U.S, Prosper Marketplace helps people get on top of their finances.
  • Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees.

Offices/Locations (1)

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  • Office

    San Francisco, CA

    USA

Past Team (3)

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Images (1)

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