Trustee: Los Angeles Food Policy Council
Los Angeles, CA
- Why are you interested in becoming a Trustee?
- One of our primary goals is to expand access to healthy food in low-income, under-served neighborhoods where we see a dearth of healthy food options. We do this by supporting neighborhood market owners and small food entrepreneurs in low-income communities to access resources they need to grow their business as healthy food retailers. Through KIVA Zip loans, neighborhood markets can purchase new refrigeration, signage and other equipment that will help them stock healthier food in their stores. In addition to the benefit to the neighborhood market, the community benefits with increased access to healthy food and the likelihood of improved health outcomes for residents.
- What is the mission of your organization?
- The Los Angeles Food Policy Council (LAFPC) is a collective impact initiative, working to make Southern California a Good Food region for everyone—where food is healthy, affordable, fair and sustainable. Through policy creation and cooperative relationships, our goals are to reduce hunger, improve public health, increase equity in our communities, create good jobs, stimulate local economic activity, and foster environmental stewardship.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- Borrowers whom we work with will be active participants in the Healthy Neighborhood Market Network, a platform for providing business and leadership development training to neighborhood markets seeking to become healthy food retailers. For us to act as Trustee for a Borrower, the business must be an existing small market with at least 1 year operating as a business or comparable business record, in overall good financial health, current on all business licenses and permits, demonstrate pride in ownership of their store site, demonstrated interest in selling healthy food and a willingness to collaborate with the community. To demonstrate this, we would ask to see the last 3 years of personal and business tax returns and a 60 day Profit & Loss Statement and Business Balance Sheet, along with copies of business licenses, and state-issued identification. We also look for store owners who express their passion and leadership for their community and promoting healthy lifestyles, maintain the appearance of the store, and are open to partnering with community-based organizations in their area.
About Los Angeles Food Policy Council
All Loans for this Trustee