Jessica Horiuchi, Kevin Kawahara, and I had a good conference call conversation with Kina Mahi to get feedback about our IIF proposal.
On the positive side, they liked our connections to community partners and the level of in-kind contributions. She mentioned that to their knowledge no one else out in the community seems to be making loans at the $5,000 level so they found that attractive.
On the other end, they questioned the impact and scalability of our proposal (only 3-5 loans for an $85,000 grant) and our ability to sustain the effort over the long term. One factor that worked against us is that we don't have any cash at the moment or any other funding source to provide stability for our operations. They were also hoping to see a greater understanding of the loan processing and default procedures for the loans and a stronger connection to existing local micro-lending organizations.
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