Overview

Why are you interested in becoming a Trustee?

NKCDC furthers local business development in order to create jobs and community wealth. We assist start-up and existing businesses, maintain an inventory of available property, help local entrepreneurs identify and obtain services and funds to help their businesses grow, and work with the arts as a vehicle for economic stimulation. NKCDC provides corridor management services to Frankford Ave, E. Girard Ave, Allegheny Ave., Richmond St, Front St., and Kensington Ave. Becoming a KIVA Trustee will help us further our mission by offering financial services directly to our clients.

What is the mission of your organization?

NKCDC's mission is to strengthen the physical, social, and economic fabric of the community by being a catalyst for sustainable development and community building.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

We select borrowers to endorse based on our pre-existing relationship with the client. We have not only reviewed their business plans or existing operations but we have also have met with our endorsed borrowers multiple times and in most cases have assisted them in other aspects of their business in the past. These are people we know, trust and have formed a professional relationship with. We are a community organization so we evaluate potential borrowers based on their community impact as well. We want borrowers who bring a new service to the area, cultivate community through their business, or contribute to making Kensington a sustainable healthy neighborhood.