Sari-sari stores to get inventory credit thru GCash-Puregold partnership | ABS-CBN
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Sari-sari stores to get inventory credit thru GCash-Puregold partnership
Sari-sari stores to get inventory credit thru GCash-Puregold partnership
MANILA -- Supermarket chain Puregold is partnering with GCash to allow sari-sari stores to refill their inventory more easily.
MANILA -- Supermarket chain Puregold is partnering with GCash to allow sari-sari stores to refill their inventory more easily.
With GGives for Business, sari-sari store owners under Puregold’s Tindahan ni Aling Puring Program can get up to P5,000 worth of inventory on credit through the GCash app, with no additional documents needed.
With GGives for Business, sari-sari store owners under Puregold’s Tindahan ni Aling Puring Program can get up to P5,000 worth of inventory on credit through the GCash app, with no additional documents needed.
Tony Isidro, president and chief executive officer of GCash lending arm Fuse, said he hopes this partnership will allow sari-sari stores to grow their businesses by offering them accessible and affordable working capital.
Tony Isidro, president and chief executive officer of GCash lending arm Fuse, said he hopes this partnership will allow sari-sari stores to grow their businesses by offering them accessible and affordable working capital.
Citing data from Tech For Good Institute’s Platform Economy Report, Globe said 79 percent of micro, small, and medium enterprises (MSMEs) report a lack of working capital to maintain their businesses.
Citing data from Tech For Good Institute’s Platform Economy Report, Globe said 79 percent of micro, small, and medium enterprises (MSMEs) report a lack of working capital to maintain their businesses.
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This is despite accounting for 99.58 percent of businesses nationwide and employing 63 percent of the Philippines' workforce, according to the latest data from the Department of Trade and Industry.
This is despite accounting for 99.58 percent of businesses nationwide and employing 63 percent of the Philippines' workforce, according to the latest data from the Department of Trade and Industry.
In 2023, GCash said it aims to expand its services to business-to-business transactions.
In 2023, GCash said it aims to expand its services to business-to-business transactions.
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