Originally published: December 12, 2007
Source: TradingMarkets.com
MicroPlace, a wholly-owned subsidiary of eBay Inc., will now offer investment opportunities in India through Oikocredit, the world's largest private financier of the microfinance sector. With the addition of Bharat Integrated Social Welfare Agency (BISWA), Oikocredit adds to its growing list of investments on MicroPlace. Considered an innovative pioneer in the field of microfinance, Oikocredit has taken a leading role in expanding the range of investment opportunities on MicroPlace.
"Because of the capital we can raise through MicroPlace, Oikocredit has the potential to reach millions of the working poor in India. BISWA operates in the most impoverished regions of India, primarily in Orissa," said Survana Gandham, Oikocredit's regional manager in India. "Our continued relationship with MicroPlace makes it possible for Oikocredit to have a significant impact on the poverty crisis in India, one small loan at a time."
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Related news on MicroPlace:
eBay-Owned MicroPlace Launches Website for Retail Investment in Microfinance (24 Oct 2007)