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 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.
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.
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.
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.
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.
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.