MicroPlace

From Wikipedia, the free encyclopedia

MicroPlace, Inc. an Company

Type	Public (NASDAQ: EBAY)
Founded	San Jose, California, USA (2006)
Headquarters	San Jose, California, USA
Key people	Tracey Pettengill Turner Founder and GM
Industry	Microfinance
Website	www.microplace.com

MicroPlace, founded in 2006, is a broker-dealer registered with the SEC and a member of FINRA (formerly NASD), MicroPlace is currently the only broker-dealer specializing in microfinance securities for retail investors.^{[citation needed]} Started by Tracey Pettengill Turner, MicroPlace was bought out by eBay Inc. in 2006.

MicroPlace provides everyday investors with the ability to make investments in the microfinance industry that have the potential to earn interest. This contrasts with most other services for microlenders, which generally rely on a charitable model.^[1]

[edit] History

MicroPlace was founded by Tracey Pettengill Turner and was bought by eBay for an undisclosed amount in 2006. 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.). She currently serves as the general manager of MicroPlace.