Trustee: SEED SPOT
Why are you interested in becoming a Trustee?
We have been a KIVA trustee for nearly a year. We have found our partnership with KIVA to be invaluable for the entrepreneurs we work with to access micro-loans. These loans have given our entrepreneurs the financial resources to create immediate impact in the communities they serve and get them to a point where they can validate and commercialize their products.
What is the mission of your organization?
DREAMS DRIVE CHANGE Everyone has a dream inside of them, an idea that is yet to be born. When a dream comes to life, the world is changed. We believe in supporting people with dreams. PEOPLE BUILD COMMUNITY Change happens when groups of people come together, without ego, to support one another. We believe in creating spaces for community to grow. TRUST MATTERS Creating an environment that embodies trust, excludes threat, and mitigates competition ensures that all ideas can survive. We believe in creating a safe space for people to grow their ideas. PASSION ABOVE PROFIT A good idea is worth nothing without the right person behind it. We believe in people with passion. IT’S ABOUT THE JOURNEY The course for any entrepreneur is unknown. We believe in the journey more than the destination.
In the past, how effective have you been in achieving this mission?
In our inaugural year, we have assisted 13 companies in our incubator. After the 8 month program, we have 8 that are generating revenue, 6 that have hired staff, and 3 that are getting funded. We have also had 3 companies that have won state and national innovation competitions.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
StartUp America, Free Food Fridays, TiE, National Business Incubator Association
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Credibility of the idea. Need of the entrepreneur. Potential impact of the venture.
How do you plan to support the borrower, both before and after the loan is disbursed?
Business plan development. Introductions to strategic partners. General advisement on scalability.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
Will endorse loans that create impact in the world; looking for highly scalable ideas in need of support.
About SEED SPOT
- Trustee Type:
- Social Incubator
- Second Tier trustee
- On Zip Since:
- Oct 26, 2012
- Loans Endorsed:
- Total Value:
- Paying on Time:
- Paying Back Late:
- Repaid in Full:
- Repayment Rate: