Focussing on sari-sari stores, otherwise known as convenient stores in the Philippines, the Hapinoy Store Program provides the necessary training and support to assist locals in developing a successful business. According to Hapinoy, these sari-sari stores make up approximately 40% of the retail businesses in the country.
Through various sources such as microfinancing, the Hapinoy Store Program, which is hosted by MicroVentures Incorporated since 2007, created a multi-level program that not only educates and empowers those in the Philippines with the tools to run a successful variety store but also gives them the knowledge to pass on and teach others in similar situations as well. Along with providing the initial capital, the social enterprise also educates the micro-entrepreneurs on financial management.
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Hapinoy Uses a Multi-Level Program to Teach and Share Knowledge
Published: Mar 8, 2013 • References: hapinoy