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Sari-Sari Stores Get Powered Up! Cebuana Lhuillier & Packworks Launch “Sari Fund” for Growth!

Struggling to stock your sari-sari store? Sari Fund from Cebuana Lhuillier & Packworks is here to help! 


Cebuana Lhuillier, Packworks boost MSME growth with sari-sari store inventory financing ‘Sari Fund’

Manila, Philippines – There are around 1.3 million sari-sari stores, or neighborhood mom-and-pop shops, in the Philippines, serving as the primary source of daily essentials for about 94% of Filipino consumers. Yet, services for their business growth are limited, leaving them unbanked and operating cash-in-hand.

Recognizing this challenge in the grassroots retail sector, Packworks, a Filipino startup offering a business-to-business (B2B) fast-moving consumer goods (FMCG) marketplace for sari-sari stores, and Cebuana Lhuillier’s Kanegosyo Center have teamed up to launch Sari Fund, an inventory financing service aimed at providing support to sari-sari stores nationwide.

Sari Fund empowers sari-sari store owners with the financial freedom to stock up on their inventory to boost the growth of their business. Through Packworks’ Sari.PH app, Kanegosyo Center will provide eligible users with an exclusive credit line that they can use to purchase inventory from partner megastores. To make the service affordable, eligible sari-sari store owners only pay a minimal transaction fee so they can focus on growing their business.

The unique inventory financing program comes as a crucial tool for small enterprises like sari-sari stores, which often face significant financial challenges, primarily due to limited access to traditional banking services and credit facilities. With Sari Fund, micro-retail stores are able to stock inventory without the immediate burden of upfront costs, allowing them to maintain a robust array of items catering to the needs of their communities while also enabling them to grow and stabilize their businesses.

Leveraging technology

To provide easy, simple, and affordable credit lines, the strategic partnership between Packworks and Cebuana Lhuiller’s Kanegosyo Center aims to overcome the traditional barriers in empowering the unbanked and underbanked sectors through the innovative inventory financing program.

“We at Packworks are thrilled to embark on this journey with Cebuana Lhuillier, uniting our strengths to bring a transformative change in the grassroots retail sector. Sari Fund is more than just a financial solution but a beacon of hope for the heart and soul of our communities – the sari-sari stores. We believe that by unlocking their potential, we’re contributing to a more vibrant and resilient MSME sector in the Philippines. Through this partnership, we are not only providing essential financial support but also fostering financial inclusion. This is a significant step towards a future where every sari-sari store owner has the opportunity to grow and succeed,” Packworks Co-founder and Chief Executive Officer Bing Tan said.

Sari Fund comes timely as the micro, small, and medium-sized enterprise (MSME) sector will need a much-needed boost for 2024 when high inflation is still expected, posing a challenge for small businesses. Analysts expect elevated inflation to affect the country’s economic performance this year with the onset of El Niño. According to a 2023 study conducted by Packworks, the country’s inflation can be felt worse in sari-sari stores, with food prices as high as 15% in these stores last year.

The Philippine Statistics Authority reported that nearly all businesses in the Philippines are categorized as MSMEs, making up 99.58% of the total. 

“The dynamic alliance between Cebuana Lhuillier’s Kanegosyo Center and Packworks exemplifies a harmonious strategy in advancing financial inclusion for MSMEs. Through the fusion of technology, they dismantle conventional barriers, presenting groundbreaking and accessible micro-financing solutions to empower the unbanked and under-banked segments,” Cebuana Lhuillier President and CEO Jean Henri Lhuillier said.

Packworks and Cebuana Lhuillier share a common vision of empowering the MSME sector in the country through financial inclusion. Packworks, founded by Tan and co-founders Ibba Bernardo and Hubert Yap, started in 2018 with a drive to improve goods accessibility for remote sari-sari stores in far-flung places. Since then, the company has been empowering its network of over 270,000 sari-sari stores through its integrated mobile app ecosystem that allows them to access pricing tools, inventory management, sales and revenue tracking, and working capital loans. In addition, Packworks is also committed to promoting financial inclusion and empowering sari-sari stores. Through the SariSkwela program in partnership with social development organization Bayan Academy, sari-sari stores can access learning modules on microentrepreneurship, further equipping them with the knowledge and skills needed to enhance their businesses.

On the other hand, Cebuana Lhuillier is the Philippines’ leading microfinance institution, offering accessible and convenient micro-savings products that transform the way Filipinos save money. The Kanegosyo Center, launched in 2023, serves as an all-in-one platform that provides aspiring and existing entrepreneurs with practical resources, expert coaching, and financial solutions. True to its advocacy of providing growth in the support and development of MSMEs, Kanegosyo Center offers comprehensive curated offerings in resources and assistive interventions for aspiring entrepreneurs, including micro-investment and sales systems, document assistance, and business coaching.

For the latest updates on Sari Fund and to discover more about how it’s transforming sari-sari stores, interested parties may visit Packworks’ website and Cebuana Lhuillier Kanegosyo Center’s website. Stay connected and keep up with real-time updates and exciting developments by following the Packworks and Kanegosyo Center Facebook pages.


About Packworks

Packworks is a startup company that provides a business-to-business (B2B) platform that is easy to use, has low bandwidth, and has a light footprint that will allow sari-sari store owners to become more efficient in managing their business. Founded in 2018 and started as a solution for multinational companies in the Philippines to connect with neighborhood stores, the platform has now transformed into a way out of poverty for the millions of sari-sari store owners across the Philippines. Packworks empowers the sari-sari stores through scalable and accessible technology, with its team composed of dedicated developers, programmers, and technicians who work to put the power back into the hands of the people at the heart of Filipino communities by providing them with digital opportunities previously only available to big companies. By bringing technology-based solutions to one million Filipino sari-sari stores, Packworks is driving toward a more progressive, connected, and inclusive Philippines.

About Cebuana Lhuillier Kanegosyo Center

The Cebuana Lhuillier’s Kanegosyo Center (KNC) is Cebuana Lhuillier’s response to the President’s call for a whole-of-nation approach to rejuvenate the country’s MSMEs during the MSME Summit 2022. The

KNC is designed as an online one-stop shop for Filipino MSMEs seeking to open or expand their businesses.  The Cebuana Lhuillier’s Kanegosyo Center, is a groundbreaking government initiative, aims to empower Micro, Small, and Medium Enterprises (MSMEs) across the nation through comprehensive support and development services. Providing access to financial tools, expert guidance, and government assistance, Kanegosyo Center fosters sustainable growth for entrepreneurs. Currently, the Cebuana Lhuillier Kanegosyo Center has 250,000 members availing of its features across close to 3,500 of Cebuana Lhuillier’s branches nationwide, kiosks in 28 partner LGU locations, and it’s one-stop-shop website. KNC is also helping more than 900,000 micro- and small-scale online merchants through strategic partnerships it has created.

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This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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