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eBay Launches Microfinance Loan Site

Users can lend money to the world's poor... and earn interest

By Laila Weir,  Newser User

Posted Oct 29, 2007 6:23 PM CDT

(Newser) – EBay's newly launched MicroPlace lets users make loans through PayPal or a bank account to needy entrepreneurs worldwide. The idea? Even small sums can help poor people build businesses to raise themselves out of poverty. The site's founder remembers one Bangladeshi woman who bought a...   Read full story »

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