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Trustee: Kay Brockwell
Hot Springs, Garland County, AR
What is your profession?
Why are you interested in becoming a Trustee?
I think it's important to give entrepreneurs every possible access to capital, and Kiva represents a way to connect with many underserved borrowers.
Tell us about your profession or other relevant background.
As director of economic development for Hot Springs, Arkansas, I work to grow the economy through assisting businesses in starting up, expanding in or relocating to our area.
Borrower Due Diligence
How will you decide who to endorse as a borrower? What due diligence will you conduct?
I will be professionally and/or personally acquainted with the borrowers I endorse. I will familiarize myself with their operations and their business and financial history. I will seek a credit check, and will talk to creditors about their relationship with the prospects. I will assess the likelihood of the business' success by talking to bankers and other business people. I will visit the proposed business location personally to determine its condition. I will review a pro forma cash flow projection.
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.