![]() If training teaches us how to develop a business from scratch, I’m interested,” said a driver-partner from Indonesia. "I haven't had a chance to attend any business training. I also want to know how to expand a business without having to shell out huge capital," said a driver-partner from the Philippines. Today, many people don't have the budget due to the pandemic. "I'm interested to know how to start a business with just a small amount of capital. For financial records, I do this manually," said a food seller from Vietnam.Īs for driver-partners, the three most sought-after training topics were 1) how to grow the business and increase profits (62%), 2) how to start a new business (58%) and 3) how to market the business online (30%). "I was introduced to some financial tools such as a POS but I do not use it yet because I am not sure it is appropriate for my business. As an entrepreneur, we should have training on how to price correctly so that you don't lose money or go over budget,” said a café owner from the Philippines. ![]() “I want to learn about pricing and expense management - it seems complicated. Although almost all small businesses surveyed use smartphones for their businesses, 42% still rely solely on paper and pen to manage their businesses. ![]() The two new online courses, namely the Driver Entrepreneurship Toolkit and the Small Business Toolkit, were created based on survey insights from over 34,000 driver-partners and 600 small businesses in the region. This resilience is what this micro-learning program seeks to bring to an abundance of small businesses and aspiring entrepreneurs across the region.īespoke courses to boost entrepreneurship in Southeast Asia Despite 80-90% of small- and medium-sized enterprises in Southeast Asia losing income due to COVID-19 lockdowns 1, many were able to skirt this hit by going digital, with online businesses’ profits rebounding more quickly. Small businesses play a vital role in Indonesia, the Philippines, and Vietnam, contributing up to 60% of the GDP of these economies. Today’s announcement follows on the success of Mastercard Academy 2.0 in Indonesia, Business Cell in Philippines, and BSR’s HER Project Digital Wage in Cambodia, and Care Ignite in Vietnam, which have empowered millions of small businesses to access technology, training, mentorship, and financial services,” she added. “Mastercard has globally committed to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025. Mastercard is delighted to work with Grab on this initiative that will boost digital capacity and inclusion among aspiring entrepreneurs and small businesses post-pandemic,” said Payal Dalal, Senior Vice President of Social Impact, International Markets, Mastercard Center for Inclusive Growth. “The digital economy offers a range of possibilities and opportunities that can help businesses of all sizes be more resilient and grow. Our “Small Business, Big Dreams” program will equip them with business knowledge and practical skills through a structured learning journey tailored to their needs and interest areas,” said Cheryl Goh, Group Head of Marketing and Sustainability, Grab. Through our partnership with the Mastercard Center for Inclusive Growth, we hope to give gig workers and small businesses a boost to get started. “Many Southeast Asians working in the informal sector aspire for more, but the reality is that a lot of them do not have the means or the opportunity to access quality training programs. It aims to enable small businesses to reach their full potential by supporting them to digitize their operations, unlock their access to financial services and more effectively participate in the digital economy. The “Small Business, Big Dreams” regional program includes the launch of two online business courses for Grab’s driver and delivery-partners aspiring to start new businesses, and small business owners seeking to grow in a competitive digital economy. Strive Community aims to support the resilience and growth of five million small businesses around the world. ![]() The collaboration is part of Strive Community, a global philanthropic initiative developed by the Mastercard Center for Inclusive Growth and Caribou Digital. Mastercard and Grab, Southeast Asia’s leading superapp, today announced the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam.
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