In developing countries, small mom-and-pop grocery stores called nanostores are one of the main grocery market channels. Cash constraints are a severe issue that affects these small businesses, preventing them from buying enough inventory to meet client demand, and forcing them to reject orders from suppliers due to a lack of cash to pay the supplier on delivery.
Micro and small enterprises (MSEs) represent 99% of Peruvian firms, contribute 42% of Peru’s Gross Domestic Product, and employ half of the country’s labor force. Despite their relevance for the Peruvian Economy, they have low survival rates and are characterized by low productivity and processes inefficiencies.
The fast growth of chain convenience stores (CCS) and the financial stability of modern channel stores (MCS) has provoked speculation about whether nanostores (i.e., mom-and-pop stores) are going to disappear or if they will endure.
Join us December 10, 2021 for MIT GeneSys Fest Fall 2021: Helping micro and small firms (MSE’s) in Latin America mitigate the impact of the Covid-19 crisis
Join us June 24 – 25, 2021 for MIT GeneSys Fest Spring 2021: Helping micro and small firms (MSE’s) in Latin America mitigate the impact of the Covid-19 crisis
Join us December 4, 2020 for MIT GeneSys Fest 2020: Helping micro and small firms (MSE’s) in Latin America mitigate the impact of the Covid-19 crisis