Trustee: People's Emergency Center

Philadelphia, PA


Overview

Why are you interested in becoming a Trustee?
PEC has taken considerable strides toward implementing the strategic vision laid out with the Commerce Department of Philadelphia. The ultimate goal of this strategy is to have more successful businesses on the corridor that provide quality jobs for residents of the surrounding community. Being a Trustee with Kiva Zip will help us to reach that goal.
What is the mission of your organization?
People's Emergency Center (PEC) nurtures families, strengthens neighborhoods, and drives change. We are committed to increasing equity and opportunity throughout our entire community. We concentrate our efforts on providing comprehensive supportive services to homeless women and their children, revitalizing our West Philadelphia neighborhood, and advocating for social change. PECCDC is the community development arm of PEC that provides real estate development, economic development, and quality of life programming to transform the Belmont, Mantua, Mill Creek, Saunders Park, and West Powelton neighborhoods into "Communities of Choice" where people choose to live, work, and thrive.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
PEC will use an application to gather background information on the potential borrower. The application is meant to document the level of the relationship that a borrower has with PEC. Also, the application asks the potential borrower to describe stage of the business, internet presence, financial status, and credit capacity of the owner. Lastly, the application requires the potential borrower to talk about the expected outcomes of the loan. PEC staff will review each application and determine whether or not an applicant should be endorsed.

About People's Emergency Center


Location: Philadelphia,
Total loans: $5,000
Repaid in full: Not enough data
Defaulted: Not enough data
Repayment rate: Not enough data


All Loans for this Trustee