Tracey Pettengill Turner
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Tracey Pettengill Turner is the founder of MicroPlace and an entreprenuer who has been involved in international development, social investing and philanthropy. Prior to founding MicroPlace, Tracey was CFO of KickStart, an organization that designs and sells products focused on poverty alleviation.
Earlier in her career, Turner held a variety of positions with socially responsible firms including the Grameen Bank in Bangladesh, Calvert Ventures and the World Bank. Her leadership awards include 2000 Top 25 Women of the Web Award, San Francisco Business Times Leadership Award and a Working Woman Magazine Entrepreneurship Award. Turner holds a degree in engineering and economics from Dartmouth College and an MBA from Stanford Business School.
[edit] MicroPlace
When Turner first heard of microfinance, she was inspired by the prospect of a solution to global poverty that mixed capitalism, human dignity, and old-fashioned hard work. Upon graduating from Stanford Business School, Tracey headed for Dhaka, Bangladesh to find out if the reality of microfinance lived up to her expectations. After working at the Nobel Peace Prize-winning Grameen Bank for a few months, she was convinced that microfinance was a powerful tool to help alleviate poverty.
Upon her return, Turner discovered that the capital markets in the United States were beginning to view micro finance as an attractive investment opportunity, but only for institutions and investors with large amounts of money to invest. Turner founded Microspace to allow individuals the ability to make investments in micro finance. In 2006, eBay purchased Microplace.
