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NOT FOR the gold, but for the service—this is why the Management Economics
Organization (MEcO) will be helping poor sari-sari store owners expand businesses
and manage funds.
Co said that Midas will also train their volunteers to teach basic
accounting, financial literacy, and proper financial management to
the sari-sari store owners, most of whom are part of Hapinoy.
Hapinoy is a microfinancing venture aimed to create the largest sari-
sari store chain in the Philippines.
Think rich
Midas aims for long-term change, which will manifest itself in
growing small businesses to mini-groceries.
“We’re focused on helping these people,” said Midas volunteer Mia
Camille Sta. Ana (III AB MEco) in a mix of English and Filipino.
Ultimately, the goal is a lifestyle change for the nanays, said Co.
“Instead of thinking poor, they’re going to think rich,” she said.
Microfinance kuwentuhan
The project is open to non-Management Economics majors. The org
prepared easy-to-understand financial modules, written last summer,
for both the volunteer trainers and nanays.
The modules will begin a very casual discussion or, as they call
it, kuwentuhan of microfinance, said John Oliver Go (IV AB
MEco), MECo’s vice president of community development.
As of press time, around 40 to 60 nanays have signed-up to be
taught by more or less 70 Atenean volunteers.
There will be eight insertions to the sari-sari stores, and two sessions
will be dedicated to a low-income sector. The insertions occur every
Saturday, beginning December 13 to February 21, 2009 excluding
holiday weekends. Each insertion will include five to 10 nanays
from the Quezon Province and Batangas low-income areas.