Trustee: Angelic Organics Learning Center
- Why are you interested in becoming a Trustee?
- Angelic Organics Learning Center is working to train and support our next generation of sustainable farmers. We help urban and rural people learn directly from our region’s best farmers and begin growing for market. The purpose of the Farmer Training Initiative at Angelic Organics Learning Center is to support and serve beginning farmers, transitioning farmers, and limited resource farmers, through a multi-year program of training in production and business planning. Our commitment is to work with small-scale, low-input growers who wish to become sustainable agriculture growers for our local food system. The Farmer Training Initiative also makes connections with other individuals and organizations, like Kiva, to help facilitate linkages for local food farmers in the areas of land acquisition, access to capital, and markets.
- What is the mission of your organization?
- Angelic Organics Learning Center empowers people to create sustainable communities of soils, plants, animals, and people through educational, creative, and experiential programs. The Learning Center, a nonprofit organization, is the educational partner to Angelic Organics, a vibrant Biodynamic community supported farm.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- We work closely with potential borrowers to assess their ability to repay by analyzing their business plans and financial projections. We only endorse borrowers who have demonstrated that they have a well-considered plan to increase their businesses' gross profits enough to cover the loan payments. We require a credit report for each borrower, but we do not make endorsement decisions based on credit scores or other arbitrary metrics. Despite this cautious approach, we have confidence in our farmers' abilities to fundraise and repay their loans. According to Kiva, "Our data shows that farmers typically fundraise twice as fast as borrowers in other industries, and repay at 98%."