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Trustee: La Victoria Bakery Corporation
San Francisco, CA
Why are you interested in becoming a Trustee?
In my opinion, the knowledge and experience of a company and the wealth of its talent is immeasurable. Little companies with amazing ideas and know-how, go out of business daily, simply because they do not have experienced stewardship to guide them through the minutia of bureaucratic red tape on the government sector side and debt management on the banking side. We hope that more small business pop up with the infusion of finance and know how. It is the only way to turn the tide of large corporate interest.
What is the mission of your organization?
We would like to create amazing product with OUR local talent in a sustainable manner which pays fair wages for the those inspired to still work in the service industry. We hope to touch as many people so that they can understand that great product can not be made with out the help of the community which supports our endeavor.
Twenty years ago I would have answered profit. In the light of tight money supply, 911, the Dot-Gone-Boom and a shrinking middle class we hope to be able to make a crack in the new glass ceiling that has been created that holds back anyone not privileged to have been born to wealth.
Borrower Due Diligence
How will you decide who to endorse as a borrower? What due diligence will you conduct?
Kiva's strict guidelines on debt matters will be the first principle that helps me to decide which borrowers to endorse. I hesitate, because the sense of a great idea and inspiration goes far beyond numbers on a ledger. It is the desire to put in years without acknowledgment and recognitions until the goal is achieved, that is the overwhelming compass to endorse a particular person.
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.