The charitable gifting opportunity we will be presenting today is very similar to KIVA, which was the first charitable featured by Charity Gifts, in the sense that it allows its users to essentially make a loan to a small business but with the added feature of expected interest.
The name of this opportunity is Microplace.
What is it?
According to their website,
“MicroPlace is a brokerage platform where you can invest in companies that are creating a positive social impact in the U.S. and abroad and that offer a financial return to you.”
This means for $20 or more I can fund an organization that is creating real, positive change in its community and possibly earn a return between 0.5% and 4.5% on my investment which I can invest in another company if I so choose. How awesome is that!
How does it work?
To get started changing the world one investment portfolio at a time, a user creates a MicroPlace brokerage account, looks through the investment opportunities available, which are organized by social causes, location, and financials, selects an investment and investment amount. They’ll then purchase a short-term note through an insurer, an organization carefully selected by MicroPlace, which offers investment opportunity focused on solving a social issue.
Why is it a great gift?
Microplace is such a great charitable gifting opportunity because it is an opportunity that keeps on giving. Not only is the giver likely to get their donation back with interest which can be the fuel for another cause investment but also because the cause invested in is likely to cause a chain of positive events for the community.