Showing posts with label sari-sari stores. Show all posts
Showing posts with label sari-sari stores. Show all posts

Wednesday, July 3, 2024

Igloo strengthens MSME support with Growsari partnership, providing insurance to sari-sari stores in the Philippines

The Growsari partnership aims to provide financial assistance to over 200,000 sari-sari stores in case of natural disasters such as floods

After launching NegosyoCare in 2023, this partnership reaffirms Igloo’s goal to provide protection products to underserved communities and industries in the Philippines and Southeast Asia

From small mom-and-pop shops around the corner, sari-sari stores, and small businesses started by young entrepreneurs, the importance and impact of these micro, small, and medium enterprises (MSMEs) cannot be overstated. These businesses account for 99.5% of the total number of companies in the country and employ 62.8% of the workforce. 

However, the same segment is often exposed to a wide range of risks, from theft, illnesses, or natural disasters. Compared to larger businesses, they struggle to manage these risks more due to limited resources.

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