Trustee: Youth SEED
Why are you interested in becoming a Trustee?
We are interested in becoming a trustee in order to increase economic opportunities for young entrepreneurs who traditionally face barriers to credit and loaning institutions. Through becoming a trustee of Kiva Zip we are better able to enhance economic opportunities to young Bay Area residents.
What is the mission of your organization?
To support community led social enterprises by providing training, resources and investment to young innovators who traditionally face barriers to economic opportunities.
In the past, how effective have you been in achieving this mission?
In the past 3 years we have launched over 25 youth ventures, providing over 25,000 in grants. We have cultivated over 40 youth and adult mentorship relations and lead over 100 hours of social entrepreneurship training. We have conducted field trips to the Google campus and Back to the Roots production site.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
We were born from Ashoka's Youth Venture and still have relationships with their national and international networks.
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Borrowers will only be considered after participating in one of our 4 month training programs and will have to meet the criteria at the highest level. A payment plan will need to be established prior to consideration and a specific 1 day training on loans and repayment will need to be attended.
How do you plan to support the borrower, both before and after the loan is disbursed?
We will support the Borrowers by providing a loans and savings training which will culminate in a payment plan and timeline. Monthly phone meeting will be held to offer support and assure that the timeline and plan are still on track.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
Our program's emphasis is on Social Entrepreneurship. All loans to be considered will have to be able to articulate the social or environmental impact of their business. Loans offered will support young entrepreneurs to offer solutions to problems they have identified.