Help the Poor While Getting a Return on Your Money with MicroPlace
Want to put your money to work while helping poor people around the world? Then you should consider MicroPlace (a wholly-owned subsidiary of eBay Inc). Microplace, launched in 2007, is a website that enables everyday people to invest in the world’s working poor. (See CBS Evening News Video Clip Below).
Video: The World of Micro-Loans | CBS Evening News
A simple loan of a $20 can allow a poor woman to start a business and work her way out of poverty. In most countries, organizations that function like banks make loans to the poor. However, these organizations need funds to lend to the poor. Your investment helps fund these organizations while making a return on your money. It’s a win-win scenario because your help fight poverty and get your money back with interest!
Microfinance is one of the most effective poverty alleviation tools around because:
- Microfinance is a hand- up not a hand out. Empowering people to help themselves is an effective way to fight poverty.
- When you give to charity you give your money away. When you invest your money, it compounds while it is invested and is available to reinvest at maturity. You will always have money to help a poor person start a business
How you can invest as little as $20:
- Open an investment account (just like at Schwab or another broker)
- Use the search tools to find an investment on our site
- Pay with either PayPal or your bank account
- Receive your interest payments and your money at maturity back into your PayPal or bank account
Your loan will:
- Help a poor person start a business and work her way out of poverty
- Enable an institution helping poor people expand its business
- Participate in a solution that can help alleviate global poverty by helping people help themselves!
For more information visit MicroPlace.com. Note: Another site offering the same service is Kiva.org.
Other Interesting Posts
|
Join |
|
& get new posts delivered to your in-box! |
