Trustee: City of Madison
,
Overview
- Why are you interested in becoming a Trustee?
- “Madison’s small businesses and entrepreneurs are a critical part of our economy. They drive job creation and provide opportunities for wealth building in communities of color. During these unprecedented times, it is up to us all to find ways to support them,” says Madison Mayor Satya Rhodes-Conway. “The beautiful thing about investing in Kiva is we are creating community action. Collectively the City of Madison is saying to these entrepreneurs - we believe in you and are here to support you.”
- What is the mission of your organization?
- As the COVID-19 crisis stretches on, there is no question that many small businesses are suffering. During this time of reduced hours, closures, and decreased consumer spending, it is critical that the City of Madison act to support its small business owners.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- We are working with our community chambers and partners to endorse borrowers
About City of Madison
Trustee type:
N/A
Location:
,
Time on Kiva:
N/A
Kiva borrowers:
68
Total loans:
$517,000
Paying on time:
24
Paying back late:
11
Repaid in full:
20
Defaulted:
8
Repayment rate:
77%
All Loans for this Trustee