Kuleana minutes— May 31, 2011

Kuleana Project MEETING SUMMARY Micro-Lending/Support Team
Date Time Location
Tuesday May 31, 2011 4:40pm – 6:10pm Catholic Charities, 1822 Keeamoku St.
Leads Attendees
▪ Fran Gendrano (Absent)
▪ John Cheever ▪ Rona Fukumoto (Absent)
▪ Jessica Horiuchi
▪ Kevin Kawahara
▪ Rachael ▪ Michael Morales
▪ Ben Ancheta (Absent)
▪ Lorene Yap
▪ Rachel James ▪ Yvette Maskrey (Absent)
▪ Kim Horan (Absent)
▪ Char Dote (Absent)
TODAY’S AGENDA

1. Meeting was called to order at 4:40pm

2. Kuleana Discussion Summary:
a. Potential Partnerships
i. Rachael James is an HPU Grad student and will begin participating in the Kuleana meetings!
1. Jessica provided background that the Kuleana team is struggling with the process of how to support client based and what is the defined objective to align and balance appropriately.
a. Action - Next steps to define the process. (John C.)
ii. Pacific Gateway Center with Rebecca Soon
1. Reviewed proposal from previous meeting.
2. Decision: John C to send an email out to the group. Attendees all thought it would be good to move forward with the PGC partnership.
3. Team agreed that when we do go down this path that the Kuleana’s pursuit of funding once we get our 501c3 will become a lower priority so we can focus on delivering mentoring support and obtain experience on PGC’s loan process. Follow up with team.
a. Action: John C. to speak with Rebecca S. on next steps such as:
i. Need MOU.. (Rebecca S.and Jessica H.)
1. Review PGCs best practices/standards.
2. Utilize and review applications/forms and policies.
b. We need to continue to solidify the up-front mentoring program and choose a lead mentor or mentoring group structure. Discuss with Kim H. (John C.)
i. Lead Mentor support – Identify someone like Kim H. to assist on providing lead support.
OR
ii. Mentoring Group – Crowd sourcing to support client. Also could leverage grad student support. For example, HPU grad students could provide this support. Rachael to find out how much support can be provided from HPU Grad Students. (Rachael)
iii. This could potentially be an internship.
c. Other open questions to PGC (John C.):
i. Most likely need a Non-Disclosure Agreement created. Action: Ask Rebecca S. if they have something for us to sign. (John C. and Jessica H.)
ii. How much would we meet with Rebecca S.? She would be available to answer questions and will be on the loan review committee. Rebecca can help with providing support from a structure.
iii. What is the default rate for PGC? Did not have specific numbers from PGC.
iv. Clarify the type of oversight PGC will provide during the process. It is assumed that PGC will not change their model and will be part of the process to provide mentoring support.
v. How does PGC fund the loans? Not all at once. It is a phased lending successed based approach. Review the PGC lending schedule. (John C.)

b. Funding/Client Discussion
i. Decision: This will be placed on hold as we focus on the PGC partnership.


3. 501(c)3 Application Review
a. John C. called the IRS agent and confirmed they received the updates. Update: 501c3 has been granted!


4. Other/New Kuleana Business
a. Kuleana meetings may be rescheduled to Tuesdays based on conflicts. Discussion to occur.
b. May not focus on transitional shelter folks and pursue people that are in a more stable status.

5. Meeting adjourned at 6:10pm

UPCOMING MEETINGS/KEY EVENTS
• Next meeting is scheduled for Monday, June 13th, 4:30pm at Catholic Charities, 1822 Keeamoku Street, Room TBD.