Wednesday, October 24, 2007

eBay Microfinances the World's Working Poor

MicroPlace, a for-profit company which enables everyday internet users to invest $100 or more in the world's working poor, launched on Wednesday. The site is notable for two reasons: it's not only owned by eBay but it's also the first microfinance site to allow everyday folks to earn interest on their investment. Interestingly, eBay plans to donate all profits from MicroPlace to various non-profits, including (but not limited to) its own eBay Foundation.
Continue reading at Wired

No comments: