Monde Nissin inks deal with SBCorp for special loans to sari-sari stores

ABS-CBN News

<p>MANILA - Monde Nissin Corp on Thursday said it signed an agreement with the state-owned Small Business Corp (SBCorp) to give sari-sari stores wider access to loans.</p><p>In a disclosure to the stock exchange, Monde Nissin said it was the first SBCorp-accredited FMCG (fast-moving consumer goods) partner for its Sustainable Trade Access to Primary Food and Link to Enterprises).</p><p>&quot;STAPLES will provide sari-sari stores who are customers of authorized Monde distributors access to collateral-free and interest-free loans to increase their working capital and help make small businesses more robust especially in the face of the pandemic,&quot; the statement said. </p><p>Sari-sari stores are the smallest unit of retail distribution in the country, known for selling mostly sachets or single-use quantities of daily necessities.</p><p>Monde Nissin products including Lucky Me! Instant Noodles and SkyFlakes Crackers and Fita, among others, are widely available in sari-sari stores nationwide.</p><p>SBCorp said large food manufacturers, distributors and suppliers could apply to become an accredited partner for its STAPLES program.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/26/21/monde-nissin-philippines-biggest-ipo">Monde Nissin books Philippines&#x27; biggest initial public offering</a></li></ul><div><strong>FROM OUR ARCHIVES: </strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1697236" width="100%"></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>

Monde Nissin Corp on Thursday said it signed an agreement with the Small Business Corp (SBCorp) to give sari-sari stores wider access to loans.

Monde Nissin inks deal with SBCorp for special loans to sari-sari stores | ABS-CBN

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Monde Nissin inks deal with SBCorp for special loans to sari-sari stores

Monde Nissin inks deal with SBCorp for special loans to sari-sari stores

ABS-CBN News

Published Sep 23, 2021 11:20 AM PHT

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Monde Nissin

sari-sari store

Small Business Corp

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