Overview

Why are you interested in becoming a Trustee?

The Regional Economic Development Center of New Hampshire (REDC), provides small business loans, gap funding, Microenterprise loans and technical assistance to small businesses in our region. Kiva loans offer funding to entrepreneurs that may otherwise be excluded from other funding opportunities. We believe that entrepreneurship offers a path to economic and community growth, as well as individual independence and financial success. Helping entrepreneurs to access Kiva loans provides REDC with another tool to foster economic growth and entrepreneurial success.

What is the mission of your organization?

The REDC seeks to promote responsible, sustainable economic development activities in New Hampshire. We do this by creating jobs for low to moderate income people, by accessing alternative financing for business and industrial expansion/relocations, which in turn provides tax relief for our communities and our region.

Borrower Due Diligence

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

We will meet with prospective borrowers virtually or in-person. Our business advisors have extensive experience coaching and working with business owners. As such, we have excellent insights to what constitutes a successful venture. We will look to the entrepreneur’s character and honestly. We will look for a commitment to the business and the community. We will put value on the entrepreneur’s willingness to accept assistance and technical support as they develop and grow the business. We will review the business concept and look for market validation.