Trustee: Women's Opportunities Resource Center

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Overview

Why are you interested in becoming a Trustee?
The missions of WORC and KIVA are aligned. WORC creates opportunities for low-income individuals and families. A partnership will hopefully amplify the work that WORC does and vice versa.
What is the mission of your organization?
The mission of WORC is to promote social and economic self-sufficiency primarily for economically disadvantaged women and their families. WORC provides training, individual business assistance, incentive savings program, job placement, and access to buisness and financial resources. WORC empowers its constituents through various self-help strategies including savings, a self-employment network, and access to its local and national affiliations. Additionally, WORC encourages community awareness and responsiveness concerning issues impacting economic equity and independence.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
WORC’s microloan applications are processed through ACCION TX Microloan Management System (MMS). ACCION Texas’ Microloan Management is an underwriting platform and credit analysis services, a nationally recognized platform designed for microenterprises. ACCION TX Microloan Management System (MMS) streamlines and standardizes WORC’s loan review and approval process which accelerates WORC’s responsiveness to the market. MMS allows WORC staff to prequalify borrowers, which enables WORC to respond more quickly to the borrower, and address their individual needs. The MMS on-line application has led to an increase in loans applications. Over 100 loans applications were received in 2013. WORC is the only organization in the 5-county region using MMS.

About Women's Opportunities Resource Center


Total loans: $2,000
Repaid in full: Not enough data
Defaulted: Not enough data
Repayment rate: Not enough data


All Loans for this Trustee