Trustee: Lowcountry Local First

Charleston, SC


Overview

Why are you interested in becoming a Trustee?
Lowcountry Local First's Good Enterprises initiative is a catalyst for reshaping the region’s entrepreneurial ecosystem to one that provides equitable opportunity for business ownership, in order to transform lives and communities. The program provides business education and coaching specifically tailored to underserved entrepreneurs with the guiding objective of creating economic opportunity for all. Good Enterprises utilizes the proven model and curriculum of Rising Tide Capital, a nonprofit based in New Jersey whose mission is to assist struggling individuals and communities to build strong businesses which transform lives, strengthen families, and build sustainable communities. The entrepreneurs served through this program require access to capital and many of them are not ready to pursue capital from a conventional lender, either because of immigration status, credit history, or years in business. The Kiva program helps these "invisible" borrowers start to develop a track record while accessing much needed affordable capital that they can invest in growing their businesses.
What is the mission of your organization?
Lowcountry Local First advances economic prosperity and local ownership through innovative and inclusive initiatives that build our community’s wealth and wellbeing.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
At this time, only graduates of Lowcountry Local First's Community Business Academy are eligible for endorsement. Depending on readiness and experience, LLF may also require participation in a new "Capital Collective" training or review and approval by a committee of LLF.

About Lowcountry Local First


Location: Charleston,
Total loans: $7,000
Paying on time: Not enough data
Paying back late: Not enough data
Repayment rate: Not enough data


All Loans for this Trustee