Trustee: REAP (Richmond Entreprenuer's Assistance Program)

Richmond, VA

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Why are you interested in becoming a Trustee?
REAP works with individuals with and without disabilities; providing job and entrepreneur training. We have our own businesses and we are partnering with other businesses for our job training program, so we are in an excellent position to help aspiring entrepreneur's and small business owners.
What is the mission of your organization?
REAP's primary mission is to provide job training and employment for individuals with disabilities in an integrated environment.
In the past, how effective have you been in achieving this mission?
Our training program has been excellent and we are always improving and expanding opportunities for our participants. We do this to support their goal of being prepared for employment with us or in the community, as they choose. We measure individuals skills development, soft-skills/social development and employment rates
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
We are very involved in the Metro Richmond Region. We belong to VA Business Leaders Network, the Retail Merchants Association and have strategic partnerships with other associations, businesses and the faith-based community.
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Relationship is key to us. Initially, we would like to be a Trustee for businesses that we partner with in some way. That could mean that our participants are currently training with them or may train with them in the future. Or it could mean that we become strategic partners; helping with marketing and other support. We would also look for a commitment to excellence; in product and customer service. And we'd look for companies that are striving to make a difference; to serve in some specific way. We would also look for a solid business plan and the skills needed to implement that plan We see our role as one of support. At REAP, largely through volunteers, we have a network of incredibly talented and generous business people who are willing to assist new and aspiring business owners.
How do you plan to support the borrower, both before and after the loan is disbursed?
We are very committed to Personal Chef Catering. They are a caring, like-minded business with an excellent product. Their goal is to grow their business so they can provide employment for individuals with and without disabilities. We are excited about the opportunity of helping them grow their business by introducing them to our network The product is truly exceptional, the cause is worthy, and Richmond is a great community, so I know that the team at Personal Chef Catering is preparing for a great launch of their boxed lunch program..
How will you help us ensure that the loans you endorse have a significant and positive social impact?
Getting to know the owner; to listen to his or her dreams and vision; the heart of why they do what they do is the first step. When we understand this, we begin the process of analyzing the business, studying the plan, the competition, the marketing and potential for success. Providing a loan to help someone realize their dream is a wonderful thing. The first person we're impacting is the business owner, obviously. I think we can look past that pretty quickly to the cause or the good works the business will accomplish when successful. But, I think we need to attend to the owner and initial team first. These are brave, bold, courageous people. So, we should support them and their families. And with that support, we empower them to do even greater things so that they end up exceeding expectations for good.

About REAP (Richmond Entreprenuer's Assistance Program)

Trustee Type:
nonprofit
Tier:
Pilot Tier trustee
Website:
reapva.org
On Zip Since:
Jan 28, 2014
(19 months)
Loans Endorsed:
1
Total Value:
$5,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
0
Defaulted:
0
Repayment Rate:
Not enough data

Most Recent Endorsements

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Aaron
Glen Allen, VA
Disbursed Mar 17, 2014
Search Loans (1 loan total)