Trustee: Abaca Business Plans, Inc.
- Why are you interested in becoming a Trustee?
- Abaca Business Plans, Inc. serves many entrepreneurs that are either starting a new business or already have an existing business. We prepare business plans, loan packages and we assist our clients in becoming loan ready. Over time, the majority of businesses will need a loan either as a start-up business or as a growing business. Abaca Business Plans works with clients that need loans, and we make recommendations on where these clients should develop lending relationships. Kiva Zip will be an ideal lending resource for some of my clients.
- What is the mission of your organization?
- The mission of Abaca Business Plans is to assist individuals in accomplishing their dreams of becoming an entrepreneur, and to provide a reliable resource for existing businesses to either turnaround their business and/or grow their business to the next level.
Borrower Due Diligence
- How will you decide who to endorse as a borrower? What due diligence will you conduct?
- Abaca Business Plans, Inc. will recommend clients that it knows well. We will have a thorough understanding of the client's financial picture and their business plan. We will have a working knowledge of the client's business model and their market. We will have a reasonable snap shot of the client reputable in the community. Most of the people we recommend for the Kiva Zip Loan will have had their business plans completed by Abaca Business Plans. These individuals will have already made a significant investment in their business and can be deemed as serious about either starting a new business or growing their existing business. We will make sure that all borrowers we recommended are loan-ready and can afford to repay the money that is borrowed.
About Abaca Business Plans, Inc.
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