Trustee: The Virginia Hispanic Chamber of Commerce and Foundation (VAHCC) (VAHCCF)
Why are you interested in becoming a Trustee?
The Virginia Hispanic Chamber of Commerce and Foundation aims to help people that are in need, much like KIVA. We provide services mostly for Hispanics who need direction through educational programs, business workshops and legal clinics. We are constantly connecting our members with organizations and businesses to help them on to a path of success. We are very interested in becoming a Trustee because this is another way we can help those that deserve assistance and want to be successful but just need a little help getting there. KIVA and VAHCC have a lot in common, together we can change lives for the better.
What is the mission of your organization?
The mission of the Virginia Hispanic Chamber of Commerce Foundation (VAHCCF) is to provide the Hispanic community with education and information to successfully integrate themselves into the Commonwealth of Virginia. We accomplish this by providing information and resources that lead to the economic and social well-being of Latinos throughout their integration into the community and culture. Now more than ever, we understand the need for strong alliances within this challenging economy. With the support of sponsors, we are able to offer business education, consulting and mentorship services, employment notification, matching and consultation services; and immigration, advocacy and legal services. Our programs, by strengthening the minority business sector, are not only relevant to Hispanic businesses, but also to the corporations who wish to do business with them.
In the past, how effective have you been in achieving this mission?
Since 2000, the Virginia Hispanic Chamber of Commerce's Foundation (VAHCCF) has opened the first bilingual business information center in the USA (SBA).During 2003-2006, the VAHCCF has helped to start and grow over 6,000 businesses in Virginia.The VAHCCF has successfully lobbied for the executive order 33, mandating state agencies to employ 20% minorities. Also, the VAHCCF successfully lobbied to recognize Latinos and Asians as Virginian minorities. In 2009, the VAHCCF formed the first Latino Complete Count Committee in the United States of America. We have made a major impact on the economy of Virginia and the United States.
Do you belong to any organizational networks -- nationally, regionally, or locally? If yes, please list.
The U.S Hispanic Chamber of Commerce, The Latino Coalition, Governor's Latino Advisory Board (VA), Governor's State Board of Virginia Community Colleges, Virginia Commonwealth University's School of Business Advisory Board. The (VAHCC) is well connected within Virginia and has a powerful network with organizations and businesses throughout Virginia.
How will you decide who to endorse as a borrower? What due diligence will you conduct?
When choosing borrowers we will look for individuals that we think have potential and that are in our system as a member or potential member. We will see how viable their plan is and we will connect them with other members who are able to assist them in creating a strategic plan as well as provide them with technical assistance. We will have them meet with someone such as SCOR, SBA, or the Chamber to receive technical assistance to help develop and grow their business.
How do you plan to support the borrower, both before and after the loan is disbursed?
They will become a member of the VAHCC. We organize networking events, workshops and seminars they will have access to. This will help them find business opportunities. After, we will check on the borrowers to see if they need additional assistance and/or if the connections we've made for them are helping.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
We will speak to borrowers about using the loan in a manner that will benefit the community. Borrowers will have an understanding that the loan is given in effort to better the community as a whole. Our members and connections work together to provide the community with resources for individuals to benefit from, therefore the borrowers we choose will need to have similar values of the Chamber. If we find the borrower's intentions are unethical we will not endorse them.
About The Virginia Hispanic Chamber of Commerce and Foundation (VAHCC) (VAHCCF)
- Trustee Type:
- Pilot Tier trustee
- On Zip Since:
- Oct 31, 2013
- Loans Endorsed:
- Total Value:
- Paying on Time:
- Not enough data
- Paying Back Late:
- Not enough data
- Repaid in Full:
- Repayment Rate:
- Not enough data