SM Weekend Market is helping local farmers and entrepreneurs step into the spotlight. This initiative, a collaboration between SM Foundation and SM Supermalls, is more than just a commercial venture—it’s a strategic effort to integrate local producers into the retail ecosystem, enhancing economic resilience and community development.
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Empowering MSMEs for Economic Growth
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the global economy, and in the Philippines, they play a crucial role in driving growth and fostering community stability. Recognizing this, SM Investments Corporation launched the SM Weekend Market to empower these enterprises, particularly local farmers.
“Our goal is to transfer modern, science-based agri-technology skillsets to our farmers. Once equipped with these advanced skills and knowledge, we link them to the available market,” says Cristie Angeles, Assistant Vice President of SM Foundation.
Steven Tan, President of SM Supermalls, adds, “The SM Weekend Market provides MSMEs the strategic venues or marketplaces to showcase their products and engage directly with consumers.”
Since its inception, the market has welcomed over 100 local farmers, offering them a platform to connect with diverse customers, from weekend shoppers to mall employees. This exposure has significantly boosted their profitability, with daily sales varying from modest to substantial.
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Nurturing Entrepreneurial Spirit
At the heart of the SM Weekend Market’s success is SM Foundation’s Kabalikat sa Kabuhayan – Sustainable Livelihood Program (KSK-SLP). Spanning 14 weeks, this program equips participants with essential skills in agriculture, business management, and market readiness. KSK-SLP’s rigorous training ensures that aspiring entrepreneurs are well-prepared to thrive in competitive markets.
A shining example of this success is Francisco “Ka Iko” Vispo, a 62-year-old farmer from Laguna. Since completing KSK-SLP in 2018, Ka Iko has increased his farm’s productivity and expanded his market presence through the SM Weekend Market at SM Calamba. His additional income has enabled him to invest in a second-hand tricycle for efficient product delivery, improving his business operations.
Beyond his personal success, Ka Iko actively shares his agricultural knowledge within his community, promoting sustainable farming practices and backyard gardening. His initiatives, including a community garden that supports a feeding program for school children, highlight his commitment to community upliftment.
Collaborating for Sustainable Development
The success of the SM Weekend Market and KSK-SLP is bolstered by partnerships with governmental and non-governmental organizations, including TESDA, the Department of Agriculture, DSWD, DOST, DTI, local government units, and partner farm schools. These collaborations are key to scaling the impact of these programs and ensuring their sustainability.
By leveraging the expertise and resources of each partner, the SM group enhances program delivery, fostering innovation and resilience within local economies.
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Driving Inclusive Growth
Through initiatives like the SM Weekend Market and KSK-SLP, the SM group is paving the way for inclusive growth across the Philippines. By providing market access, skills training, and fostering partnerships, SM empowers Filipino farmers and MSMEs to thrive economically, contributing to community resilience and sustainable development.
As SM expands the SM Weekend Market to 18 malls nationwide, the impact on local economies and the lives of participating entrepreneurs continues to grow. These efforts underscore SM’s commitment to creating sustainable pathways out of poverty and building a brighter future for local producers.
For more information about SM’s initiatives and impact, visit SM Investments.
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