From the Wires
MicroPlace Launches First Microfinance Investment Yielding 5 Percent for Everyday Investors
By: PR Newswire
Feb. 17, 2009 08:01 AM
People can help the working poor out of poverty with a healthy investment as low as
Through MicroPlace (www.microplace.com), anyone can make microfinance investments that lift people from poverty and offer a 5 percent rate of return. Investors don't have to compromise their financial goals to help people escape poverty. By visiting MicroPlace, people can invest as little as
"This is about enabling individuals to address social problems and make a difference through investing instead of philanthropy. In our current economic environment, this is important because people can put their money to work while doing good," said
The 5 percent investment opportunity listed on MicroPlace is offered by MicroCredit Enterprises (www.mcenterprises.org), a nonprofit organization committed to reducing poverty by providing small loans to the working poor around the world. MicroCredit Enterprises currently finances microloans in 15 nations on four continents. Women are the recipient of 89 percent of its microloans.
"Investors with MicroCredit Enterprises and MicroPlace realize the greatest return in the world is the chance to lift a person out of poverty," said
Microfinance has been recognized worldwide as a simple but powerful tool that enables the poor to pull themselves out of poverty. Most commonly, it involves making small loans - as little as
According to The World Bank(2), 1.2 billion people subsist on less than
MicroPlace (www.microplace.com), launched in 2007, is a website that enables everyday people to invest in the world's working poor. As an online investment marketplace whose mission it is to alleviate global poverty, MicroPlace is paving the way to enable a billion people to lift themselves out of poverty. MicroPlace is a wholly-owned subsidiary of eBay Inc. (Nasdaq: EBAY).
About eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com and others. eBay Inc. is headquartered in
About MicroCredit Enterprises
Established in 2005, MicroCredit Enterprises is a pioneering private sector, anti-poverty program that leverages the private capital of high net worth individuals to provide small business loans to impoverished entrepreneurs in developing countries who live on
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week