Trustee: Causa Local
Puerto Rico, PR
Overview
- Why are you interested in becoming a Trustee?
- We are interesting in becoming a trustee because we believe we will add value to the borrowers in our pipeline by helping them hustle, grow, and succeed in their industry. Kiva is one of the programs we lead in PR to help local small business owners in the island have access to capital.
- What is the mission of your organization?
- Causa Local's mission through Causa Creativa is to disrupt the access to capital ladder by adding non-traditional, innovative, and data driven access to capital platforms and programs.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- Our due diligence is based on the relationships we have with our borrowers before inviting them to request a Kiva loan, in addition to our educated decisions made based on over +3 years of experience in working with small business owners.
About Causa Local
Trustee type:
N/A
Location:
Puerto Rico,
Time on Kiva:
N/A
Kiva borrowers:
182
Total loans:
$1,583,000
Paying on time:
20
Paying back late:
33
Repaid in full:
67
Defaulted:
42
Repayment rate:
71%
All Loans for this Trustee