About MicroPlace

About company

MicroPlace is a social business owned by eBay. It focuses on microfinance loans sent via the internet, utilizing [PayPal](http://www.crunchbase.com/organization/paypal), allowing users to choose specific lending clients and businesses and loan them money over a designated period of time. Unlike competitor [Kiva](http://www.crunchbase.com/organization/kiva), investments are returned to the lendee with interest. Microplace's stated mission is to alleviate global poverty by offering investments that enable loans to hardworking poor people.