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Trustee: Lomoro Micro-Credit Revolving Fund
Homa Bay, Nyanza
Why are you interested in becoming a Trustee?
I have been helping communities to break the cycle of poverty through income generating activities.This started in Kibera Slums.In 2008,i was invited by the United Nation (New york)to speak in the general assembly on how to eradicate poverty.Because i want to help my people in Homa Bay region come out of poverty,becoming a Trustee is the goal to achieve this.
What is the mission of your organization?
The mission of LOMORO'S existence is to improve the quality of life of the low income Kenyans by promoting people -centered development thereby equity,economical advancement,social justice and human dignity for sustainable prosperity.
Borrower Due Diligence
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Since these are people whom i know,i will consider the nature of business,location,and the cash flow.Checking the account book will also be a point to be considered.Those who are already doing business will have added advantage.I will conduct a small interview based on business management as well.
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.