Ebay wants you to help end global poverty with microplace

The trend of a practice called “micro lending” is growing in use and popularity all over the developed world. Micro lending is the idea of giving working poor in under-developed regions and nations small capital loans to start their own businesses. The primary funding for this activity comes from the normal every day person such as you and I. One gives a micro lender their money for the potential of a return, and also knowing they have done something to help the wider world. Ebay, through the Microplace company, is one of the newer entrants into this market.

I not only like this idea, but I also applaud it. One of the things I have realized recently is that most people want to help, but they only have so much money that can go straight to charity. Micro lending gives people an opportunity to take some of their savings and invest it in areas that need help. In return, the investor gets both a chance at a return and the knowledge their money is benefiting someone else who needs it more than some corporate CEO. It is easy to set up a micro lending account with microplace and the minimal investment should be easily affordable for anyone. Once you have set up a user account, all you need to do is select one or more projects in which you wish to invest. These projects range all over the world from Bolivia to Africa, so if you have a particular region of interest you can find a micro lending opportunity there.

While it is true that your investment has no guarantee of return, many micro lenders have actually performed very well and generally are able to provide one. Also, given the other investment opportunities available to us, why not take a chance on something that can also help improve the world? To sign up for microplace go here.