Trustee: Argenta Bead Company

North Little Rock, AR


Overview

Why are you interested in becoming a Trustee?
We hope to help create opportunities for craft artisans to take their businesses to the next level of growth.
What is the mission of your organization?
To provide hobbyists, crafters, artisans and artists with materials, inspiration and learning experiences to create jewelry, crafts and art.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?
We'll endorse borrowers who have: - established a relationship (1 year minimum) with at least two staff/instructors - demonstrated a growth in their skills and knowledge - demonstrated business skills by registering their business with federal, state and local agencies - demonstrated fiduciary responsibility in their buying patterns - conveyed a passion and drive to grow their business - attended outside events where we'll have an opportunity to interact with and observe the borrower in an alternate environment We'll conduct due diligence by: - working one-on-one with the borrower to provide complete, accurate and fully disclosed information on loan application - reviewing all information, photos and links before submission - maintaining daily contact from time of application submission until acceptance or decline of loan - ensuring the borrower has a verified PayPal account by completing a business transaction - reviewing with the borrower their commitment and ability to repay by evaluating their current and past debt as well as their current and projected income - reviewing with the borrower their plan for specifics on spending and repaying the loan

About Argenta Bead Company


Trustee type: Retail
Tier: First
Location: North Little Rock, AR
Time on Kiva: September 24, 2013 (42 months)
Total loans: $15,000
Repaid in full: Not enough data
Defaulted: Not enough data
Repayment rate: Not enough data

Website:
argentabead.com
Follow:
facebook.com/argentabead

All Loans for this Trustee