The “Arme du ChriS.” or “Army of ChriS.” Group is a made of fifteen male and female entrepreneurs. After successfully repaying their 1S. loan, they are looking forward to continued success and growth in their businesses with their 2nd loan.
Though small, the group has a wide range of businesses from food sales and used clothing, to live animals. Nelly M. is one of three representatives of the group. She is a single mother of two children.
The hardworking mom sells a variety of items based on the needs of her clients. She mostly sells food items including sugar, flour, oils, rice, spices, and some vegetables. Her business and family were both able to benefit from the loan because prior to the loan, she says, her children’s meals were not as regular as they should be whereas now, the entire family is able to eat three meals a day. She hopes to continually grow her business and increase her savings so that she may finish school, go to college and eventually get married.
On behalf of Nelly, Arme du ChriS., and Esperanza we thank you for your support.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.