Ebay buys micro finance startup MicroPlace

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Ebay buys micro finance startup MicroPlace

03-31-2007, 11:03 AM,

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mandy Offline

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Ebay buys micro finance startup MicroPlace

Quote:eBay has purchased an organization called MicroPlace, an executive revealed during a "Town Hall" event on Thursday evening. MicroPlace was founded by Tracey Pettengill and set up to facilitate micro-finance...

eBay's Chief Marketing Officer Gary Briggs was answering a participant's question about what eBay is doing to help promote saving the planet. He said in part, "A third point to bring up is MicroPlace, which a group that we purchased that is making microfinance loans available to the developing world in particular, and we think - particularly as it relates to PayPal - that we think that's a great thing to be able to do for the global community."

MicroPlace plans to launch a web-based, eBay-like marketplace to connect "ordinary" people with micro-finance entities that need capital...

full article: http://www.auctionbytes.com/cab/abn/y07/m03/i30/s00

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