Trustee: Business Development Assistance Group
Why are you interested in becoming a Trustee?
We want assist those entrepreneurs who do not qualify for a loan from any regular financial institution to raise the necessary capital to start or expand their businesses.
What is the mission of your organization?
Our mission is to help small and minority-owned businesses become more viable in American economic life through technical assistance, training, and access to business opportunities.
In the past, how effective have you been in achieving this mission?
We've been very effective in achieving our mission as you can see in our 2010-2011 Annual Report published on our website. The indicator we use to evaluate our performance is comparing actual results and goals using date collection analysis and customer survey feedback.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
How will you decide who to endorse as a borrower? What due diligence will you conduct?
We are currently running for Entrepreneurship Program in Northern Virginia. Most of the people we endorse participate in this program. Under this program, each participant is closely tracked to ensure they complete all the require business training, attend regular focus group meetings and most importaly making significant progress in their business operation.
How do you plan to support the borrower, both before and after the loan is disbursed?
We will continue to provide marketing, legal and technical assistance for new business owners at least a year after business opening date or the date they receive Kiva Loan.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
The biggest social impact we look for is to create jobs for the low and moderate income individuals who choose self-employment as they way to become economically self-sufficient.
About Business Development Assistance Group
- Trustee Type:
- 501(c)-(3) Non-profit organization
- First Tier trustee
- On Zip Since:
- Apr 4, 2013
- Loans Endorsed:
- Total Value:
- Paying on Time:
- Paying Back Late:
- Repaid in Full:
- Repayment Rate: