Project Bagong Araw
Leyte mothers
become entrepreneurs through store rehab project
By PBSP
February 23, 2015
TACLOBAN CITY – A
revitalized local economy awaits Leyte as more than 300 women
sari-sari store (small retail store) owners completed a six-month
business skills training course that transformed them into smarter
entrepreneurs.
The training is part of
“Project Bagong Araw,” a sari-sari store rehabilitation program for
communities affected by typhoon Yolanda. Implemented by Hapinoy,
Project Bagong Araw supported store owners in Tanauan, Palo, Javier,
and Tacloban City with funding assistance from Philippine Business for
Social Progress (PBSP) and other companies.
The project was capped off
by the graduation of 348 mothers at the Apostolic Center in Tacloban
City. It was attended by the project’s partners, including PBSP
executive director Rafael Lopa who stressed the importance of
supporting micro-enterprises, especially the sari-sari stores, which
he calls the “haligi ng komunidad.”
“Napakahalaga na gamitin
natin ang ating mga tindahan para ang ating mga kababayan na
nahihirapan pa ring bumangon pagkatapos ng Yolanda ay magkaroon ng
lugar na kung saan makakabili ng mas murang bilihin (It’s important
that we use our stores to provide those who still find it hard to rise
up and move on after Yolanda, a place where they can buy cheaper
products.),” Lopa said.
Through the business
training, the women were provided new skills in managing a business
such as basic record-keeping, business planning, mobile literacy, and
credit management, among others.
“Maraming nakikinabang dahil
inayos ninyo ang inyong mga tindahan at inyong mga bilihin (Many are
benefitting from your newly-renovated stores and newly-organized
products.),” he added.
Resiliency Fund
Beneficiaries also received
access to capital loans worth P10,000.00 and underwent store
makeovers.
Through PBSP, Project Bagong
Araw was able to assist 79 sari-sari store owners who were about to
complete the repayment of their loans. Lopa said this was a sign that
the owners are taking the project seriously.
According to him, the
repayments will go back to a credit facility called the Micro
Enterprise Disaster Assistance Fund for Resiliency, also called the
MIDAS fund. It aims to provide lending capital to 25,000
Yolanda-affected micro-entrepreneurs made available through
micro-finance institutions (MFIs).
The MIDAS fund was
established by the United States Agency for International Development
(USAID) in partnership with PBSP as a way to rebuild the local economy
and help the Visayas region respond better to future disasters.
Through regular repayments,
Lopa said MFIs can provide loans to more individuals also in need of
financial support.
“Napakahalaga na hindi kayo
tingnan na tao lamang na humihingi. Napakahalaga sa dignidad ninyo na
kayo ay negosyante at kayo ay mga taong talagang seryoso sa trabaho
ninyo at alam ninyo ang kahalagahan ng pag-utang ang pagbayad ng utang,
(It's important that you will not only be seen as people depending on
dole-outs. It is important for your dignity that you are perceived as
businesspersons who are serious in your work and know the value of
lending and paying for your debts.),” he added.
Festive Celebration
The Apostolic Center evoked
a festive vibe as the graduates each received their diplomas handed by
Hapinoy co-founder Mark Ruiz and the representative of the sponsoring
companies. To further support the women in their enterprises, store
items like weighing apparatuses and candy jars were also distributed
during the event.
Twenty-two model store
owners were also selected as Hapinoy Ambassadors during the event.
They are tasked to share their experiences in becoming better
entrepreneurs and hopefully inspire others to follow the same path.
Other partners of Project
Bagong Araw are AirAsia Founation, SunLife Financial, SunLife
Foundation, Manulife, Ayala Foundation, Tanging Yaman Foundation,
Porticus, CARD Bank, and Taytay sa Kauswagan, Inc.