GUEST POST: Alleviating poverty, one sari-sari store at a time
- business ideas, responsible business, social entrepreneurship -
By Mark Ruiz
The humble sari-sari store is the smallest kind of store in the Philippines, but it can also be one of the most powerful.
It’s normally started by a simple Nanay from a humble background who wants to augment the family income. After all, the sari-sari store is a relatively simple business to start. It’s home-based, which means that there’s no rent nor major construction expenses. In most cases, it’s literally a hole in the wall.
All the Nanay needs to get started is a little capital–just a couple of thousand pesos will be enough to buy the initial goods. These items are then sold with a little margin, more inventory is bought, these in turn are sold, and so on and so forth. The virtuous cycle of sari-sari store retailing has begun.
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