Trustee: The Greater Newark Enterprise Corporation

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Overview

Why are you interested in becoming a Trustee?
We are interested in becoming better connected with other players in the CDFI/Micro-finance industry, as well as having access to a platform to help provide capital solutions for our and others clients.
What is the mission of your organization?
Our mission is to provide both capital and technical assistance resources to under-served populations in the NJ area.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
We will look to use borrowers that have already come through our application process and underwriting. This underwriting includes a credit check and an analysis of current cash-flow capacity. We have certain parameters that we use to determine if a borrower will be a good fit and have a good likelihood of paying the funds back. Those that we determine have a viable opportunity and plan to take advantage of such will be considered for endorsement on Kiva Zip.

About The Greater Newark Enterprise Corporation


Total loans: $18,000


All Loans for this Trustee