Zenaida Padao

Zenaida Padao is from the village of Dawo. She is 51 years old, married and has five children. Four of her children are adult-aged and the youngest is at school. To make a living, Zenaida owns and operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Zenaida has been engaged in her business for over two years and earns approximately 1,500 PHP a month from these activities.

In 2008, Zenaida joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from PMPC. Zenaida is requesting a new loan of 7,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be her third from PMPC. She plans to use the additional revenue generated to improve and expand her business.

About PMPC

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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