10-24-2007, 10:01 AM
Quote: eBay, the world's largest online auctioneer and payments company, launched on Wednesday a Web site allowing ordinary investors to buy securities aimed at improving conditions in the world's poorest countries.
MicroPlace will allow people to invest as little as $100 to support development in impoverished areas.
So-called microfinance is the supply of loans, savings, insurance and other basic financial services to low-income households and businesses, typically without collateral. It is often conducted in emerging economies, where people cannot typically obtain bank loans...
full article: http://www.news.com/New-eBay-site-lets-p...g=nefd.top