Friday, November 30, 2007

Update on MicroPlace: If You Live in Pennsylvania, read the fine print...

I went ahead intending to loan money through MicroPlace. It's a fairly straightforward system of buying securities, but when I attempted to complete my purchase, a notice popped up that said I was ineligible to do so because this financial instrument is not available in my home state, Pennsylvania. I had this problem last year as well. Seems that in 49 states, no problem, but Pennsylvania residents are out of luck. I communicated with MicroPlace and they are working on it and hoping Pennsylvania falls in line soon!

1 comment:

julio said...

True, Calvert notes are not available in PA. It does say so next to invest box though. For example:
https://www.microplace.com/investments/details/12

You could always try a note from oikocredit such as
https://www.microplace.com/investments/details/17