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October 24, 2007

Ebay Teams up with Calvert to Bring Microfinance to Small Investors

Microplace (via press release):

New service allows U.S. consumers to invest in microfinance with as little as $100; eBay subsidiary selects Calvert Social Investment  Foundation as first issuer.

San Jose, Calif. , October 24, 2007 – MicroPlace, a wholly-owned  subsidiary of eBay Inc. (NASDAQ:EBAY), today announced the launch of a new website (www.microplace.com) that provides an easy way for everyday  people to invest in the world’s working poor by leveraging the power of  microfinance, a proven solution to alleviate global poverty.

Maybe subprime loans to the needy could be billed as charitable in spirit? Maybe it depends on how you handle reposession, foreclosure, and debt collection.

Posted at 12:47 PM in Announcements |

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