http://debianws.lexgopc.com/wiki143/index.php?action=history&feed=atom&title=MicroPlaceMicroPlace - Revision history2026-05-15T04:39:12ZRevision history for this page on the wikiMediaWiki 1.43.1http://debianws.lexgopc.com/wiki143/index.php?title=MicroPlace&diff=5702888&oldid=previmported>WiinterU at 04:37, 5 October 20242024-10-05T04:37:48Z<p></p>
<p><b>New page</b></p><div>{{Infobox company<br />
| name = MicroPlace<br />
| logo = [[Image:MicroPlaceNewLogoJpg.jpg|210px|MicroPlace corporate logo]]<br />
| type = [[Subsidiary]]<br />
| foundation = {{start date and age|2006}}, in [[San Jose, California]], U.S.<br />
| founder = [[Tracey Pettengill Turner]]<br />
| location_city = San Jose, California<br />
| location_country = U.S.<br />
| key_people = <br />
| industry = [[Impact Investing]]<br />
| homepage = {{URL|www.microplace.com}}<br />
}}<br />
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'''MicroPlace''' was an American [[microfinance]] provider that focused on retail investors. Started by [[Tracey Pettengill Turner]] in 2006, MicroPlace was bought out by [[eBay]] that same year.<br />
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MicroPlace provided everyday investors with the ability to make investments in the [[microfinance]] industry that had the potential to earn interest.<ref>{{Cite news|url=https://www.cbsnews.com/news/fight-poverty-with-online-microlending/|title=Fight Poverty With Online Microlending|access-date=2018-05-17|language=en}}</ref> This contrasts with most other services for microlenders, which generally rely on a charitable model.<ref name="KATZ">Robert Katz, [http://www.worldchanging.com/archives/007470.html Kiva vs. MicroPlace - What's the Difference?] {{webarchive|url=https://web.archive.org/web/20071027060150/http://www.worldchanging.com/archives/007470.html |date=2007-10-27 }}, WorldChanging.com, October 24, 2007. Retrieved November 4, 2007.</ref> Interest earned was typically between 1 and 3 percent.<ref>{{Cite magazine|url=http://blog.wired.com/business/2007/10/ebay-owned-micr.html|title=EBay-owned MicroPlace Launches Microfinance Site|magazine=WIRED|access-date=2018-05-17|language=en-US}}</ref><br />
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The company acted as a [[broker-dealer]] and is registered with the [[U.S. Securities and Exchange Commission|SEC]] and is a member of [[Financial Industry Regulatory Authority|FINRA]].<br />
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==History==<br />
MicroPlace was founded by [[Tracey Pettengill Turner]] and was bought by [[eBay]] for an undisclosed amount in 2006.<ref>{{Cite news|url=http://news.bbc.co.uk/2/hi/business/7060779.stm|title=New eBay site helps finance poor|date=2007-10-24|access-date=2018-05-17|language=en-GB}}</ref><ref>{{Cite news|url=https://uk.reuters.com/article/tech-ebay-microfinance-dc/ebay-site-lets-people-finance-the-worlds-poor-idUKN2336298820071024|archive-url=https://web.archive.org/web/20180518055703/https://uk.reuters.com/article/tech-ebay-microfinance-dc/ebay-site-lets-people-finance-the-worlds-poor-idUKN2336298820071024|url-status=dead|archive-date=May 18, 2018|title=eBay site lets people finance the world's poor|last=Stempel|first=Jonathan|work=U.K.|access-date=2018-05-17|language=en-GB}}</ref> Her hope is to expand the microfinancing industry from its current base of 100 million people to 1 billion people, with help from the middle class of affluent nations (the [[United States]], [[European Union]], etc.).<br />
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Ashwini Narayanan took over as the [[general manager]] of MicroPlace until 2012.{{Citation needed|date=January 2023}}<br />
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On January 14, 2014, MicroPlace announced that it would cease offering investments.<ref name="MICOC">{{Cite web|url=http://www.microcapital.org/microcapital-brief-ebay-microfinance-unit-microplace-ceases-accepting-new-investments/|title=MICROCAPITAL BRIEF: EBay Microfinance Unit MicroPlace Ceases Accepting New Investments|date=18 March 2014 |language=en-US|access-date=2016-08-05}}</ref><br />
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==References==<br />
{{reflist}}<br />
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==External links==<br />
*[http://www.microplace.com/ MicroPlace website]<br />
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{{EBay}}<br />
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[[Category:EBay]]<br />
[[Category:Microfinance]]<br />
[[Category:Companies formerly listed on the Nasdaq]]<br />
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{{finance-stub}}<br />
{{US-finance-company-stub}}</div>imported>WiinterU