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Gema Carolina

Update on Gema Carolina

Gema Carolina’s activity is selling clothes. She is requesting a loan to stock up her shop with new products to offer to her customers, as a very good selling season is about to begin. She currently has many requests already, and for this reason she is requesting a loan in order to invest it in the purchase of trousers, shirts, skirts, dresses, suits, shorts and suits for children. She is a very devoted and self-sacrificing mother: she has one child whom she provides with the basic necessities.
View original language description ↓
Gema Carolina tiene su negocio que es la venta de ropa. El objetivo del crédito abastecer de nuevos productos a sus clientes, ya que se acerca una muy buena temporada. Actualmente ya tiene varios encargos es por eso que está solicitando este crédito con el fin de invertir en la compra de pantalones, camisas, faldas, vestidos, trajes, shorts y trajes para niños. Ella es una madre muy dedicada y abnegada tiene un hijo bajo su cargo al cual le proporciona lo necesario.

Previous Loan Details

Gema Carolina is 27 years old and a very responsible person who enjoys her business activity. She has 1 son in her care, and is always alert to customer demand. She is a very dynamic person who enjoys interacting with them. Gema always fights to improve her standard of living. She requests th... More from Gema Carolina's previous loan »

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

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
  • 46
    View loans »
    Nicaragua Loans Fundraising
  • $26,238,100
    Funds lent in using Kiva
  • 22.9
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Gema Carolina to buy trousers, shirts, skirts, dresses, suits, shorts and suits for children.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 8, 2011
Nov 26, 2011
Currency Exchange Loss:
Feb 15, 2013