New microfinancing service focuses on ‘sari-sari' stores
newscatcher
2023-10-09 01:30
New microfinancing service focuses on ‘sari-sari' stores
IN THE HOOD There are 1.3 million 'sari-sari' stores across the country serving 94 percent of Filipinos. —Contributed photo MANILA  -Philippine analytics startup Packworks has partnered with Cebuana Lhuillier and local finance firm 1Sari Financing Corp to offer microfinancing to 'sari-sari' stores in the Philippines, with the aim to reach 270,000 of these small neighborhood retail shops. Packworks, which offers a business-to-business marketplace of fast-moving consumer goods for sari-sari stores, has forged the partnership with the two financial service providers to deliver affordable and accessible services to micro retails stores.

https://business.inquirer.net/425530/new-microfinancing-service-focuses-on-sari-sari-stores

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