Trustee: Union Kitchen

Washington, DC


Overview

Why are you interested in becoming a Trustee?
Union Kitchen offers small businesses and budding entrepreneurs the opportunity to test, launch, and grow their operations by leveraging our large shared kitchen, office space, office services, storage, and extensive technical assistance. Our aim is to lower the barriers to entry for entrepreneurs who want to launch their business. For us, becoming a trustee would allow us to help connect these entrepreneurs with a responsible, reliable partner who can help them access to capital to invest in their own operations. By partnering Kiva and Union Kitchen, we can truly tear down many of the hurdles that stop, hinder, or intimidate entrepreneurs as they look to launch their businesses.
What is the mission of your organization?
Union Kitchen offers small businesses and budding entrepreneurs the opportunity to test, launch, and grow their operations by leveraging our large shared kitchen, office space, office services, storage, and extensive technical assistance. Our aim is to lower the barriers to entry for entrepreneurs who want to launch their business. We want to create jobs, create business ownership, build community, encourage diversity, and - in general - foster new models and opportunities for business to launch.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
First, we will know intimately the quality of operators as we will see them running their operation every day. We will know if they are clean, organized, and efficient. Second, we will know their brand. We will see their marketing, their packaging, and - most importantly- their product. Third, we will know their finances. We will see their volume, their waste, and can partner with them to know their books. We have developed a partnership with Ross Business Management to whom to refer as a bookkeeper for members. Working with RBM and the member we can evaluate whether the borrower's business needs capital or cash to support cash flows.

About Union Kitchen


Trustee type: Food Incubator
Tier: Third
Location: Washington, DC
Time on Kiva: December 5, 2012 (50 months)
Total loans: $203,575

Website:
unionkitchendc.com

All Loans for this Trustee