Overview

Why are you interested in becoming a Trustee?

There are many food maker startups that could benefit from low cost financial assistance. KitchenTown is in a unique position as an incubator to endorse qualifying loan applicants.

What is the mission of your organization?

Our mission is to help food startups to become successful and sustainable companies. KItchenTown provides a production facility, knowledge, connections and strategic help, and access to funding. A secondary mission is to provide jobs to the local community. Another mission is to encourage the local community to support food entrepreneurs.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

We will engage in a series of conversations with borrower to determine whether the Kiva loan program is a good fit for them. We will carefully review the borrowers business plan to see if there is a reasonable chance of success. We will help flush out issues to make sure the borrower is being realistic with their ideas, their operations and of course with their financial projections. We will review business financials including P&L and balance sheets, projected pro forma financials, and cash flow analysis. We will meet with applicants to assess skill, experience, and core competencies of management team as well as personal commitment to the business. We will assess borrowers commitment to social impact. We will assess whether the borrower will be able to pay back the loan.