microentrepreneur

#20 – Mark Ruiz – Women Micro-Entrepreneurs Using Business and Technology to Create Economic Impact in the Philippines

#20 – Mark Ruiz – Women Micro-Entrepreneurs Using Business and Technology to Create Economic Impact in the Philippines

As you may know, I spent a few months in the Philippines last year. And it was amazing. There’s a special place in my heart for that country and the incredible people there. During my time there, I met up with Mark Ruiz. Mark is one of the co-founders of Hapinoy -  a social enterprise that work with women or nanays, who run small convenience stores, otherwise known as sari-sari stores in the Philippines. Sari-sari stores typically sell canned goods, rice, noodles, coffee, shampoo and toothpaste. Products are sold to locals from the neighbourhood in small packets or numbers, with very small profit margins. The stores are run informally, within the family and financial mismanagement is common. Hapinoy trains the women running these stores how to improve their business practices, get loans and earn more income