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.
Contact Information
Hapinoy website
Hapinoy Facebook
Hapinoy Twitter
Micro-Entrepreneurial Management
Hapinoy Uses a Multi-Level Program to Teach and Share Knowledge
Trend Themes
1. Microfinancing - Disruptive innovation opportunity for financial institutions to create specialized microfinance programs for small business owners.
2. Social Enterprise - Opportunity for organizations to develop social enterprise models that provide training, support, and resources to underprivileged entrepreneurs.
3. Multi-level Program - Opportunity for businesses to create comprehensive educational programs that empower individuals and facilitate knowledge sharing within a specific industry.
Industry Implications
1. Retail - Potential for retail businesses to partner with micro-entrepreneurial programs, such as the Hapinoy Store Program, to support and empower small convenience store owners.
2. Financial Services - Opportunity for financial institutions to cater to the needs of micro-entrepreneurs in developing countries by offering specialized services and products.
3. Education - Potential for educational institutions to collaborate with micro-entrepreneurial programs to develop curriculum and training materials that empower individuals to run successful businesses.