Maya, the country’s leading digital bank, is making business easier for micro, small and medium-sized enterprises (MSMEs) like sari-sari store owners by allowing them to buy inventory while accessing financing through a single app.
Maya said it integrated the Sari Mall service into Maya Business app, which now allows small businesses such as Maya Center owners to order products—from daily necessities to business equipment—directly via the platform.
To help with capital needs, Maya also offers financing of up to P350,000 through Maya Advance, all within the app. The product is initially available to eligible MSME merchants who operate Maya Center businesses nationwide.
Micro-entrepreneurs in the Philippines face hurdles ranging from inventory management to accessing credit. According to Bangko Sentral ng Pilipinas, only 4 percent of total bank loans go to MSMEs, despite them making up 99 percent of all businesses. Maya’s Sari-Mall and lending options aim to fill the gap.