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Gema Mylu

Update on Gema Mylu

Gema continues working as a receptionist as her dream is to build her own home. She has used her loans to increase her stock levels, buying a lot of merchandise (cosmetics). This has enabled her to gain more customers and improve her sales.

Gema will use this new loan to buy a range of new clothes for men, women and children. She will also make some cosmetics orders. She already has eighty percent of her merchandise ordered but hasn't been able to buy it as she has part of her capital invested in cosmetics.

Gema's goals are to continue growing in her small business, to support her family and to save up so that she can buy her own plot of land and build her own home. She hopes to manage this together with her husband.
View original language description ↓
Gema continua trabajando como recepcionista, pues su ahnelo es la construccion de su casa propia, es por tal razon los financiamiento ha sido para aumentar de inventario al comprar mucha mercaderia en cosmeticos, logrando captar mas clientes, mejores ventas.
con este nuevo prestamo sera destinado, para la compra de ropa nueva variada, de dama, niño y caballeros, asi como algunos pedido de cosmeticos. Ya que tiene el ochenta por ciento encargado, y no ha podido comprar ya que parte del capital lo tiene invertido en cosmetico.
Como meta es seguir creciendo en su pequeño negocio, apoyar a su familia, y ahorrar para poder comprar su terreno propio y construir su casa que junto asu esposo espera lograrlo.

Previous Loan Details

Gema is a young woman of 26. She is married and has three children. She currently works as a receptionist and sells cosmetics. She has been in this business for four years, taking advantage of her work to make sales with her catalogs. She sells Avon products and other products which are affor... More from Gema Mylu's previous loan »

Additional Information


This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 60
    View loans »
    Nicaragua Loans Fundraising
  • $26,432,925
    Funds lent in using Kiva
  • 22.7
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Gema Mylu to buy clothes and cosmetics.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 22, 2011
Sep 30, 2011
Currency Exchange Loss:
Aug 16, 2012