Mastercard and Grab, Southeast Asia’s leading superapp, announced the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam. The collaboration is part of Strive Community, a global philanthropic initiative developed by the Mastercard Center for Inclusive Growth and Caribou Digital. Strive Community aims to support the resilience and growth of five million small businesses around the world.
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. It aims to enable small businesses to reach their full potential by supporting them to digitalize their operations, unlock their access to financial services and more effectively participate in the digital economy.
“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. Through our partnership with the Mastercard Center for Inclusive Growth, we hope to give gig workers and small businesses a boost to get started. 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.
“The digital economy offers a range of possibilities and opportunities that can help businesses of all sizes be more resilient and grow. Mastercard is delighted to work with Grab on this initiative that will boost digital capacity and inclusion of aspiring entrepreneurs and small businesses post-pandemic,” said Payal Dalal, Senior Vice President of Social Impact, International Markets, Mastercard Center for Inclusive Growth. “Mastercard is globally committed to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025. 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.
Small businesses play a vital role in the Philippine, contributing up to 40% of GDP. Despite 80-90% of small- and medium-sized enterprises in Southeast Asia losing income due to COVID-19 lockdowns, many were able to skirt this hit by going digital, with online businesses’ profits rebounding more quickly. This resilience is what this micro-learning program seeks to bring to an abundance of small businesses and aspiring entrepreneurs across the region.
Bespoke courses to boost entrepreneurship in Southeast Asia
The two new online courses, namely the Driver Entrepreneurship Toolkit and the Small Business Toolkit, were created based on survey insights from over 885 driver-partners and 100 small businesses in the country.
“I want to learn about the pricing and expenses - it seems complicated. Commodity prices fluctuate over time. 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 34 year old café owner from the Philippines.
A 43 year old Empanada seller from the Philippines added: “I don’t know what to post on my social media business channels and I’m unsure if my content is right for my audience,”.
As 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 (59%); and 3) how to market the business online (30%).
"I'm interested to know how to start a business with just a small capital. Today, many people don't have the budget due to the pandemic. I also want to know how to expand a business without having to shell out huge capital," said a Grab driver-partner from the Philippines.
"I want to know the general knowledge on digital marketing because I don't have basic knowledge on it. I also need to learn how to package items and the techniques and promotions on how to sell items," added another driver-partner from the Philippines.
To meet these aspirations, Mastercard and Grab have engaged leading local small business experts, such as Tumbu, WISE, and Bayan Academy, to jointly develop the online courses. The courses, which comprise 20 short video lessons each, provide practical steps to address the challenges frequently faced by small businesses and first-time entrepreneurs. It also features powerful and relevant insights from local industry experts and peer business owners, a preferred learning format by surveyed driver-partners and small business owners.
“In order for MSMEs to reach their highest potential, they must innovate - and digital innovation is what Grab and Mastercard’s initiative is all about,” said Basil Soriao, Executive Director, Bayan Academy for Social Entrepreneurship and Human Resource Development, Inc. “It seeks to democratize access to digital innovation, equips MSMEs with knowledge and skills on the ways of achieving digital transformation, and empowers MSMEs to participate in the digital economy. These innovations allow MSMEs to grow and expand and contribute to the endeavor of building the nation from the bottom up.”
The training videos are available free of charge to all Grab Partners on GrabAcademy, via the Grab Driver and Merchant superapps . Driver-partners and small businesses will receive certificates of completion when they finish each module.