Trustee: Lomoro Micro-Credit Revolving Fund
Homa Bay, Kenya
Why are you interested in becoming a Trustee?
I have been helping communities to break the cycle of poverty through income generating activities.This started in Kibera Slums.In 2008,i was invited by the United Nation (New york)to speak in the general assembly on how to eradicate poverty.Because i want to help my people in Homa Bay region come out of poverty,becoming a Trustee is the goal to achieve this.
What is the mission of your organization?
The mission of LOMORO'S existence is to improve the quality of life of the low income Kenyans by promoting people -centered development thereby equity,economical advancement,social justice and human dignity for sustainable prosperity.
In the past, how effective have you been in achieving this mission?
Lomoro have given loans to more than 100 people in the rural areas(Homa Bay).This exclude 500 people in Kibera slums.The quality of life have really been improved and people can testify over this.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
I'm the founder and Director of Lomoro Micro finance and Achungo Centre respectively
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Since these are people whom i know,i will consider the nature of business,location,and the cash flow.Checking the account book will also be a point to be considered.Those who are already doing business will have added advantage.I will conduct a small interview based on business management as well.
How do you plan to support the borrower, both before and after the loan is disbursed?
I will visit the borrower in their place of doing the businesses.This will help me understand their problems and see where to help.I will help the borrower on how to come up with business plan and also know how to prepare profit and loss account.After the loan,i will visit the borrower to see how the businesses are doing and give advice where necessary/.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
The borrower will have to come up with business plan.I will make sure that this is followed.To do this ,i will visit all the borrowers to make sure that the money is used for the right purpose.I will also help the borrower purchase the right items for business should there be need.I will also make sure that the borrower write a report concerning the progress of their businesses.
About Lomoro Micro-Credit Revolving Fund
- Trustee Type:
- Community Based Organization(CBO)
- Second Tier trustee
- On Zip Since:
- Jun 28, 2013
- Loans Endorsed:
- Total Value:
- Paying on Time:
- Not enough data
- Paying Back Late:
- Not enough data
- Repaid in Full:
- Repayment Rate: