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Coca-Cola, DTI launch 'Sari-Sari store,' 'Carinderia' assistance program

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/07/17/20170810-sarisari-store-md-5.jpg"/><figcaption>A sari-sari store in Quezon City. <em>Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p>MANILA - Coca-Cola Philippines said Friday it partnered with the Trade Department and micro-finance institutions to help struggling sari-sari stores and carinderia (eatery) retailers recover from the impact of the coronavirus pandemic.</p><p>At least 42 percent of sari-sari stores and 75 percent of carinderias were shut from March to April, when the lockdown was implemented to stem the spread of COVID-19, said Coca-Cola Philippines citing a study.</p><p>Sari-sari stores and eateries are community-based retailers offering sachet sizes or small units of goods and ready-to-eat meals to consumers.</p><p>Some P157 million in funds will be distributed to over 15,000 retailers under the Rebuilding Sari-Sari Stores Through Access to Resources and Trade program, Coca-Cola said in a statement.</p><p>The package is composed of 60 percent goods and 40 percent cash, with up to 4 loan cycles with up to 0.5 percent service fee, it said. COVID-19 prevention kits such as storefront plastic cover, face mask, face shield and counter trays will be provided.</p><p>Beneficiaries such as micro, small and medium enterprises (MSMEs) especially Sari-Sari stores and eateries, could avail of P10,000 loan packages for &quot;much-needed capital&quot; to sustain operations during the pandemic, the beverage firm said.</p><p>&quot;Coca-Cola recognizes the significant role that micro-retailers play in helping sustain the Philippine economy and our business. For the past decade, we have been supporting partner sari-sari store owners through a holistic economic empowerment program; and we are determined to continue investing in them in the long run,&quot; said Coca-Cola Philippines president and general manager Winn Everhart.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/27/20/coca-cola-says-pausing-social-media-advertising">Coca-Cola says pausing social media advertising</a></li>	<li><a href="https://news.abs-cbn.com/advertorial/life/05/28/20/coke-ph-ensures-employees-health-aids-frontliners-and-communities">Coke PH ensures employees&#x27; health, aids frontliners and communities</a></li>	<li><a href="https://news.abs-cbn.com/business/04/27/20/coca-cola-retools-ad-budget-to-help-covid-19-frontliners">Coca-Cola retools ad budget to help COVID-19 frontliners</a></li></ul><p>Trade Secretary Ramon Lopez said the program could help the recovery of thousands of community-based retailers.</p><p>Fund managers ASA and Alalay sa Kaunlaran Microfinance Social Development, Inc are also part of the initiative, Coca-Cola said.</p><figure class="op-interactive"><iframe src="https://www.youtube.com/embed/C1mGWKYfXJA?enablejsapi=1"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Coca-Cola Philippines said Friday it partnered with the Trade Department and micro-finance institutions to help struggling sari-sari stores and carinderia (eatery) retailers recover from the impact of the coronavirus pandemic.</p><p> </p>

Coca-Cola Philippines said Friday it partnered with the Trade Department and micro-finance institutions to help struggling sari-sari stores and carinderia (eatery) retailers recover from the impact of the coronavirus pandemic.