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Trustee: Kay Brockwell

economic development

Hot Springs, Garland County, AR

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.
Do you belong to any professional networks -- nationally, regionally, or locally? If yes, please list.
I am a member of the Arkansas Economic Developers, the Southern Economic Development Council, and the International Economic Development Council, as well as the Janus Institute for Economic Growth's Janus Forum.
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.
How do you plan to support the borrower, both before and after the loan is disbursed?
I have a wealth of support materials that I provide for prospective business operators, as well as connections to a number of experts in different business sectors to whom I can refer them for assistance. I can refer them to the Small Business Development Center, or to a number of retired experts in the community who have agreed to be advisors to beginning businesses.
How will you help us ensure that the loans you endorse have a significant and positive social impact?
I will concentrate on loans in two areas -- those which fund business development in underserved areas of our city, including the downtown and surrounding sectors, and those which endorse local, sustainable agriculture and healthy eating.

About Kay Brockwell

Trustee Type:
Paused Tier trustee
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On Zip Since:
Mar 14, 2013
(41 months)
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