Coca-Cola Kicks Off P157-M Loan For Sari-Sari Store Owners

Coca-Cola Kicks Off P157-M Loan For Sari-Sari Store Owners


Phoenix Introduces New FamilyMart Retail Format Through Cebu Stores

FamilyMart opens three new compact stores in Cebu, offering a unique customer experience in response to the effects of the COVID-19 pandemic.

Globe Introduces Mobile Health Solution With GoHealth

For just P20, you can now enjoy up to P,1000 health insurance from Pacific Cross!

SM Wins 15 Awards From HK’s CG Asia Magazine

SM Investments Corporation continues to be recognized abroad as it recently bagged 15 awards in the 10th Asian Excellence Awards 2020 of Hong Kong magazine Corporate Governance Asia.

GSIS Offers Computer Loan For Members

GSIS, ilulunsad ang Computer Loan Program upang matulungan ang mga miyembro nito at kanilang pamilya sa pagbili ng computer o laptop na gagamitin para sa kanilang mga trabaho o virtual classes ng kanilang mga anak.

Coca-Cola Philippines has initiated a micro-financing program worth PHP157 million to help community-based businesses like sari-sari stores and carinderia to restart their operation after being affected by the coronavirus disease (Covid-19) pandemic and the community quarantine.

In a statement Thursday, Coca-Cola has partnered with the Department of Trade and Industry (DTI), ASA Philippines Foundation Inc., and Alalay sa Kaunlaran Microfinance Social Development to establish the Rebuilding Sari-Sari Stores Through Access to Resources and Trade (ReSTART) Program.

Under the program, sari-sari store and carinderia owners can borrow PHP10,000 worth of loan –60 percent goods and products, and 40 percent cash.

The loan can be provided in four cycles with only up to 0.5-percent service charge.

“Coca-Cola recognizes the significant role that micro-retailers play in helping sustain the Philippine economy and our business. For the past decade, we have been supporting partner sari-sari store owners through a holistic economic empowerment program; and we are determined to continue investing in them in the long run,” Coca-Cola Philippines president and general manager Winn Everhart said.

Everhart added the beverage firm will even ramp up its support to these community-based businesses during the pandemic.

According to Philippine Association of Stores and Carinderia Owners (PASCO), 42 percent of sari-sari stores and 75 percent of carinderia were forced to close from March to April as the government implemented the community quarantine because of the Covid-19 outbreak.

PASCO data also show that 49 percent of stores had difficulties in buying goods to sell and 44 percent of them downscale their operations by up to 90 percent.

The ReSTART Program also aims to help sari-sari store and carinderia owners to adapt to the new normal and implement health standards to prevent the spread of the virus.

Community-based entrepreneurs will also be provided with “Safe Store” kits consisting of storefront plastic cover, reusable face mask, face shield, and a counter tray for money.

The program also implements “Safe Store Movement” in partnership with DTI’s Small Business Corp.

This promotes safe store operations through communication and education by disseminating informational posters focusing on the safety of the retailers, customers, and the community.

Coca-Cola Philippines also partnered with the Technical Education and Skills Development Authority (TESDA) and the United States Agency for International Development (USAID) for “Safe Store Education”, an online learning and education drive to train community-based business owners to operate retail businesses safely in the new normal.

Coca-Cola has initiated the Sari-Sari Store Training and Access to Resources (STAR) program to provide livelihood in communities affected by the Typhoon Yolanda (Haiyan).

The program has benefited 200,000 women sari-sari store owners. (PNA)

IATF Notes Bacolod’s Decreasing COVID-19 Cases

“We can say that the cases are going down. Also, the mortalities have lowered. This is an indication that what the EOC is doing is really having good, positive results,” said Inter-Agency Task Force (IATF)-Visayas chief implementer Maj. Gen. Melquiades Feliciano.

Globe Introduces Mobile Health Solution With GoHealth

For just P20, you can now enjoy up to P,1000 health insurance from Pacific Cross!

Gov’t Allows Motorcycle Taxi Pilot Study To Resume

Angkas at Joyride, pwede na ulit!

Epson Ships 50 Millionth High-Capacity Ink Tank Inkjet Printer

Epson continues to be the preferred brand for its environmental efforts!

‘Snowdrop’ Starring Jisoo And Jung Hae In Begins Production

BLACKPINK's Jisoo is set to play the female lead alongside Jung Hae-In! What do you think of this pairing?!

New Equipment To Ensure Biosafety Of Forensic Chemists In Negros

The Philippine National Police Negros Occidental Provincial Crime Laboratory has received a boost in its effort to ensure biosafety in the workplace after receiving a fabricated fume hood from the provincial government.

Juana Manahan Yupangco Advocates Healthy Eating With ‘Mesa Ni Misis’ Cookbook

Local veggies take center stage in the "Mesa Ni Misis" affordable recipes!

Comelec: Voters For 2022 Polls Estimated At 62-63M

Isa ka ba sa bilang na ito? Kung hindi pa, magparehistro na para makaboto sa 2022!

India: Doctors On Strike As Virus Cases Soar Past 7.9M

Senior doctors at government-run hospitals in India’s capital Delhi wore black ribbons on their arms on Monday to support their colleagues for non-payment of salaries since June.