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Trustee: Gumball Foundation
Los Angeles , CA
Why are you interested in becoming a Trustee?
We are hoping to create opportunities for capable individuals that have the ability to grow, but have limited access to funds.
What is the mission of your organization?
We aim to foster, support, and guide the next generation of creative social entrepreneurs, through an innovative program that seeks to make a positive impact on individuals and communities in need. We strive to instill in our students a sense of integrity, social responsibility, and respect for themselves and others while saving for their college education.
Borrower Due Diligence
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Our organization deals with established local small business owners. Most with a significant of community and social credibility. You must provide a copy of your fictitious business name filing (DBA form) You must provide two forms of identification or ITIN number. You must submit monthly cash flow for the last 12 months. You must be a trusted and established Gumball Foundation partner with social and community endorsement.
About Gumball Foundation
Education, Social Entrepreneurship, Entrepreneurship, Youth, Small Business, Corporate Partners
This is the type of organization that the Trustee is.
What are Trustee tiers?
Trustee tiers determine the number of endorsements a Trustee can make and what loan sizes they can endorse. All Trustees begin as a pilot and can advance in tier depending on their borrowers' repayment performance.
For for more information about Trustee tiers, visit: kivaushub.org/trustee-tiers
This is the location where the Trustee is based.
Trustee's time on Kiva
Time on Kiva shows the number of months a Trustee has been endorsing loans on Kiva for funding.
Kiva borrowers (direct loans)
This figure represents the total number of loans endorsed by this Trustee that have fundraised on Kiva.
Trustee's total loans
This figure includes the total amount of loans that this Trustee has endorsed. This excludes refunded loans.
Fundraising / raised
This figure represents the number of loans endorsed by this Trustee that are currently fundraising or fully funded.
Paying back on time
This figure represents the number of loans endorsed by this Trustee that are currently paying back on their repayment schedule.
Trustee's loans paying back late
This figure represents the number of loans endorsed by this Trustee that are currently paying back behind their repayment schedule.
Repaid in full
This figure represents the number of loans endorsed by this Trustee that have completed all repayments.
Trustee loans defaulted
This figure represents the number of loans endorsed by this Trustee that have ended in default.
Trustee repayment rate
This figure is the total amount of money currently collected by borrowers endorsed by this Trustee, divided by the total amount of money currently due from borrowers. This excludes payments made ahead of schedule.