Trustee: AnewAmerica Community Corporation
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Overview
- Why are you interested in becoming a Trustee?
- AnewAmerica works with underserved communities to leverage entrepreneurship as a means to build their economic stability, growth and wealth. Access to capital is a critical component to success for all new businesses. Therefore, we look to support our clients in creating connections for them to have access to capital to launch and grow their businesses.
- What is the mission of your organization?
- AnewAmerica changes lives through creating economic opportunities for targeted communities. Many women, minorities and immigrants face economic insecurity with no means to accumulate wealth. AnewAmerica leverages entrepreneurship to train and coach individuals to start their own business to support economic growth for themselves and their communities.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- The borrower must have successfully completed our Business Foundation training classes. In addition, they must have a completed business plan. The individual must also have a formal intake form on file at the agency, and they must have completed and or be enrolled in our three year business incubation program. Once these factors are met, we will review their current business plan for potential endorsement.
About AnewAmerica Community Corporation
Trustee type:
N/A
Location:
,
Time on Kiva:
N/A
Kiva borrowers:
18
Total loans:
$102,000
Repaid in full:
10
Defaulted:
5
Repayment rate:
84%
All Loans for this Trustee