What Company is Offering:
MicroPlace lets you make small investments through its service, which provides loans to those in developing countries.
Why eBay Launching It:
The launching of micro-financing tools is becoming a popular trend, and it comes as no surprise that eBay has gotten in on this type of financial institution, made possible through the use of the Internet. With most of eBay’s recent projects focusing on classifieds websites, and the improvement of eBay’s own struggling auction and VoIP services, MicroPlace enables eBay to venture in a new direction.
The importance of these types of services is of course the provision of loans with conditions that are often more reasonable than what some will find in their own countries. Ad different countries around the world have different laws pertaining to loans, businesses, etc. it’s often extremely difficult to start your own business in a developing country, and many stay in poverty as a result of minimized access to financial resources. Others in this space include Kiva, Globefunder and WordHugger.
more at:https://www.microplace.com/
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