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Charitable Micro-Investment Service

Published 09/03/2009 and rated Ratingstars3 3 out of 5 stars
by AppAppeal Editor
What can you use the app for?

MicroPlace is a revolutionary micro financing website which was launched in early 2007. This site was later acquired by eBay which has made it become one of the giants in this field. Even though there are so many different micro lending sites on the internet this one is popular because of its owner. MicroPlace makes it possible to invest money in worthy causes all over the world. Using this site means that you can give people the chance to make their lives better. It’s not charity because you get to make the money back in the end. Not everyone is looking for handouts and this makes the service popular with everyone.

MicroPlace screenshot
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What is the history and popularity of the app?

MicroPlace was founded by Tracy Petengill Turner in January 2007. The site was acquired by eBay in April 2007 for an undisclosed amount of money. There are already a number of major micro financing websites including Kiva.

What are the differences to other apps?

Unlike other websites this is a micro financing website. This means that you are not actually donating money. You are actually lending the money to a good cause and can hope to make profit from it. One of the biggest differences is also that you are free to choose how much money you want to donate rather than having to donate a set amount for certain things. MicroPlace is also owned by eBay which gives it more credibility than many of the other websites.

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How does the web app look and feel to use?

MicroPlace has a nice look and feel to it. It’s also really easy to use the site as all of the projects are split up into categories. It’s possible to find projects that are of interest to you by browsing or using the search function. There is also a helpful help section which will help you to understand how the site works and when you can hope to get your money repaid.

How does the registration process work?

It’s possible to browse the projects without signing in. However if you want to donate then you will need to sign up for an account. Registering isn’t very difficult and shouldn’t take you long. You don’t even need to enter your payment details when registering which is a nice touch. You do need to choose a password that’s at least 6 characters long and contains one letter and number. You will be sent a confirmation email however you don’t have to activate your account.

What does it cost to use the application?

MicroPlace is a free website that can be used to donate money to charitable good causes. It does use PayPal because it’s an eBay company and this could be how the site is making money.

Who would you recommend the application to?

MicroPlace is aimed at people who want to donate to good causes but actually want to find out what they can donate to rather than donating to a charity. Using sites like micro place it’s possible to make an investment and you should get your money back. Of course you might not get repaid and so you should never invest more than you can afford to lose. The best thing is being able to help people out who are in need.

  • MicroPlace is a micro financing site which puts lenders in touch with people in need of help
  • Because the site is owned by eBay it uses PayPal to process payments. As most people already have a PayPal account they won’t have any problems using this site
  • It’s possible for users to donate as much money as they want. This means that you can donate a small amount of money and still make a big difference
  • MicroPlace is only available to US residents

MicroPlace video

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MicroPlace pricing

FREE - Permanently free version




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