social enterprise

BIDA KA!: Rags to Riches

Mga Bida, naaalala ko pa noong 2006, ipinatawag kaming magkakaibigan ni Fr. Javy Alpasa at ipinakilala sa mga nanay ng Payatas, Quezon City.

Nang kami’y bumisita sa lugar, naikuwento ng mga nanay ang kanilang gawain sa isang araw.  Wala silang trabaho noon kaya sila’y nag-aalaga lamang ng kanilang mga anak.  At nauuwi ang kanilang araw sa tsismisan.

Ang tanging pinagkukunan nila ng kita noon ay ang pananahi nila ng mga retaso at gawing mga basahan.

Sa bawat basahang nagagawa nila, piso ang kanilang kita; sa isang araw, walong basahan ang kanilang nagagawa.  Kaya naman walong piso lamang ang kinikita ng isang nanay sa isang araw.

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Naisip naming palakihin ang kanilang merkado.  Nagpasya kaming tulungan sila sa pamamagitan ng backward at forward integration.

Sa forward integration, tinulungan namin ang mga nanay na maibenta ang kanilang produkto sa mga supermarket at bazaar upang madagdagan ang kanilang kita.

Sa ilalim naman ng backward integration, kinonekta namin sila sa mga pabrika na pinagkukunan ng retaso para sa paggawa nila ng produkto.  Dahil dito ay mas marami nang suplay ng retaso, kaya’t mas marami rin ang nagagawa nilang basahan.

Mula piso, kumikita na sila ng 17 piso kada basahan; sa isang araw, 136 na piso na ang kanilang naiuuwi. ‘Di hamak na mas malaki na iyon kaysa sa 8 piso bawat araw, ‘di ba, mga Bida?

Ngunit ginusto pa naming maging mas malaki at mas regular ang kita ng mga nanay sa Payatas.

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Isa sa mga kaibigan namin ang nagbigay ng suhestiyon na ipa­kilala si Rajo Laurel sa mga nanay.  Isa si Rajo sa mga pinakasikat na fashion designer sa bansa.

‘Di namin akalain na magiging interesado si Rajo sa mga nanay ng Payatas at sa kanilang basahan.

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Nang makita ni Rajo ang mga retaso, sinabi niyang hindi basahan ang kanyang nakikita rito kundi magagandang bag na puwedeng gamitin ng mga sosyal.

Dito na nagsimula ang Rags2Riches.

Ngayon, ang mga ginagawang bag ng mga nanay sa Payatas ay ibinebenta na sa mga sikat na tindahan, ‘di lang sa Pilipinas kundi sa iba’t ibang bahagi rin ng mundo tulad ng New York, UK at Japan.

Dahil sa tagumpay na ito, nagkaroon na ng regular na kita ang mga nanay. Kinailangan na nilang magbukas ng bank account at mayroon na silang savings program para sa kanilang kinabukasan.

Maliban pa rito, nagwagi rin ang Rags2Riches ng mga parangal sa iba’t ibang bahagi ng mundo.

Kahanga-hanga, ‘di ba mga Bida?

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Ang nangyari sa Rags2Riches ang isa sa ating mga inspirasyon sa paghahain ng Social Enterprise Bill, isang panukalang nagtutulak ng tunay na pag-asenso para sa lahat, sa pamamagitan ng dagdag na suporta para sa mga social enterprises.

Ang “social enterprise” ay tumutukoy sa isang negosyo na direktang tumutulong sa mahihirap.

Kapag naaprubahan ang panukalang ito, maglalatag ng suporta ang pamahalaan para makapagpatayo ng mas marami pang social enterprise tulad ng Rags2Riches na magbibigay ng mas malaking kita para sa mahihirap.

 

First Published on Abante Online

SBN-1026: Poverty Reduction Through Social Entrepreneurship

The Social Enterprise (“SE”) Bill provides the framework for the planning and implementation of a National Poverty Reduction Through Social Entrepreneurship (the “PRESENT”) Program. The SE Bill, or the PRESENT Bill provides a nurturing environment for the growth and burgeoning of strong and innovative Social Enterprises as tools to reduce poverty.

A “Social Enterprise” as defined in the proposed Bill, refers to an enterprise with the poor as primary stakeholders. This is an enterprise that explicitly declares and pursues poverty reduction, alleviation, or improving the quality of life of speCific segments of the poor as a principal objective. A Social Enterprise engages and invests in the poor for them to become effective workers, suppliers, clients and/or owners, and ensures that a substantive part of the wealth created by the enterprise is distributed to, or benefits them.

In addition to reinvesting its surplus or profits back to the enterprise to sustain the fulfillment of its social mission, a Social Enterprise also uses its surplus or profits and mobilizes other resources to assist the poor in becoming partners in the value chain management/governance as well as to become partners in community, sectoral and societal transformation.

This is in line with Article XII, Section 1 of the Philippine Constitution which states:
Section 1. The goals of the national economy are a more eqUitable distribution of opportunities, income, and wealth; a sustained increase in the amount of goods and services produced by the nation for the benefit of the people; and an expanding productivity as the key to raising the quality of life for all, especially the under-privileged.

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The challenge for Social Enterprises is how to become an effective poverty reduction tool. In the face of this challenge, government must play a supportive role to ensure that the appropriate systems, structures, and resources needed to support social enterprises are put in place. Government must help these new breed of entrepreneurs to acquire resources, build successful organizations, and achieve significant positive impact.

A nation’s economy is not stagnant – new social investment models, ways of doing business, and impact measurement tools continually arise. These changes at times distort and blur the once clear boundaries among the traditional nonprofit, for-profit, and public sectors. It is time that a “Social Enterprise” deserves to be officially recognized and defined in order for the government to be able to give it adequate support.

Therefore, the legislature is urged to pass measures wherein the government must make a leap forward and take advantage of this potential for the nation’s social change. Such leap forward is through the PRESENT Bill.

PDFiconDOWNLOAD SBN 1026

PH social enterprise covers 2.5M poor Filipinos – study

MANILA, Philippines – Social enterprises in the Philippines have covered at least 2.5 million people living below the poverty line, according to a study commissioned by Oxfam.

The number, which is more than half of the total government count of poor Filipinos in 2012, could double if government lends a hand in promoting social enterprise, said Marie Lisa Dacanay, president of the Institute for Social Entrepreneurship in Asia.

The study, called “Poverty Reduction and Women Economic Leadership: Roles, Potentials and Challenges of Social Enterprises in Developing Countries in Asia,” covered Bangladesh, Indonesia, and the Philippines and was presented at the 1st Social Enterprise Advocacy and Leveraging Conference in Asia on November 25 to 27.

“Social enterprise should be a complimentary poverty-reduction strategy of the government,” Dacanay told Rappler on Thursday, November 27.

Social enterprises are businesses of traditional capitalism models but with solutions that seek to address long-term goals such as poverty.

In the Philippines, social enterprises can be classified as cooperatives, microfinance institutions, (MFIs), fair trade organizations, trading development organizations, and new-generation enterprises.

MFIs alone made the highest impact in reaching poor Filipinos, according to the study, with more than 90% of contribution among other social enterprises.

As of December 2013, the study cited that MFIs had 23,672 cooperatives, with a total combined assets at P266.80 million ($5.94 million*). Cooperative members were at least 12.6 million, although not all of the members can be considered “of the poor” and “serving the poor.”

Out of the 12.6 million members, about 2.5 million Filipinos are clients of non-governmental organization-linked MFIs.

“Microfinance therefore plays a significant role in providing business,” the study said.

The Philippines does not have an official count of social enterprises though, but researchers estimate at least 30,000 institutions have been providing programs and services in the country.

Government support not enough

Government statistics said there were 4.2 million of poor Filipinos in 2012, an increase from 3.8 million 2006.

The Asian Development Bank explained such was caused by a dearth of poverty reduction measures and insufficient job generation.

To address this pressing concern, the country needs to enhance its public-private partnerships (PPP), develop capital markets, and boost access to finance, said ADB Philippines country director Richard Bolt.

At present, government’s role in social enterprises is manifested through the Department and Trade and Industry, People’s Credit and Finance Corporation, Land Bank of the Philippines, and the Development Bank of the Philippines.

Other state-sponsored microfinancing programs also include the Livelihood Credit Assistance Program and the SME (small and medium enterprise) Unified Lending Opportunities for National Growth program.

But government efforts to support social entrepreneurship are not enough, Dacanay said.

At Thursday’s social enterprise conference here, stakeholders from different Asian countries urged lawmakers to pass bills supporting the industry which are pending in the Senate and Congress.

Two versions of the “Poverty Reduction through Social Entrepreneurship” bill aims to provide a backbone for institutions that are engaged with such business practice.

The bills are inspired by South Korea’s Social Enterprise Promotion Act which was put to law in 2007. (READ: Developing social enterprise: Lessons from Korea)

Current government regulations, such as taxing small cooperatives while giving tax holidays to big-ticket investments, do not jive well with the country’s bid to take the poor out from their predicament, Dacanay said.

Source: Rappler.com

Social enterprises: Vehicles for poverty reduction and inclusive growth

One out of four Filipinos continue to live below the poverty line. The Philippines will not be able to achieve by 2015 its commitment to cut in half those who are living on USD1.25/day or the threshold of absolute poverty.

Such bleak picture from the Philippine government’s own assessment of the country’s development performance is in sharp contrast to the glowing figures of economic growth over the past 6 years. If we add the glowing figures about the increase in assets of the richest Filipinos, one could easily make the conclusion that our country’s economic growth has not been inclusive.

The Philippines is not the only country that is not going to reach its development target of cutting in half their population living below the poverty line. But despite this, the UN High Level Panel of Eminent Persons that was commissioned to study and recommend the world’s post-2015 development goals has made a call for new global partnerships to transform economies, eliminate poverty and achieve gender equality by 2030.

It is in this context that social entrepreneurship is being proposed and explored as a strategy by the First Social Enterprise Advocacy and Leveraging Conference in Asia (SEAL-Asia).

Social entrepreneurship is all about innovative and sustainable solutions to social problems. And in the context of poverty and inequality, social enterprises with the poor as primary stakeholders or SEPPS have emerged as innovative responses to these problems.

These social enterprises engage the poor not only as workers, suppliers and clients but also as partners in their development. At their best and over time, the poor are enabled to become pro-active stakeholders in value chains and economic subsectors; co-owners, managers and decision makers of their own social enterprises; as well as empowered citizens in their communities and society at large.

SEPPS in the Philippines include social mission-driven microfinance institutions like the Center for Agriculture and Rural Development Mutually Reinforcing Institutions (CARD MRI); social cooperatives and their federations like the Omaganhan Farmers Agrarian Reform Cooperative and the National Federation of Cooperatives of Persons with Disability; fair trade organizations serving small farmers like Bote Central and Alter Trade Foundation Inc; trading development organizations serving marginalized producers like Pilipinas Ecofiber Corporation and Rural Reconstruction Trade; and new generation social enterprises like Human Nature and Hapinoy.

External challenges

A survey involving a sample of 32 SEPPS in the Philippines, conducted as part of a multi-country study by ISEA and Oxfam to be shared during SEAL-Asia, shows great potential for this sector to play a key role in addressing poverty and inequality in the next decade. The combined reach of these 32 SEPPS alone reached 2.5 million poor. If we assume that each poor family reached had 2 members, this figure represents about 30% of the estimated number of poor families in 2012.

The same study cited the many external challenges faced by SEPPS: extreme weather disturbances; government policies negatively affecting social enterprises; inaccessible or inappropriate government programs; corruption in government regulatory bodies; changing market environments and trade liberalization; inadequacy of programs supporting social enterprise development; and industry and market practices negatively affecting social enterprises.

These challenges are the main drivers why SEPPS and their support institutions in the Philippines have come together to set up two major platforms. One is the Reconstruction Initiative through Social Enterprise (RISE) to make social entrepreneurship a major strategy for building back better in Yolanda affected provinces. The other is the Poverty Reduction through Social Entrepreneurship (PRESENT) Coalition, which is pushing for the enactment of a PRESENT law.

An important recommendation emanating from the Oxfam-ISEA study is informative: “…government and business institutions need to be willing to change the policies and practices that have not worked in favor of the poor, and undertake strategic innovations to support the scaling up of SEPPS.”

A strategic innovation toward this direction is the passage and implementation of the PRESENT bill being championed by Sen. Bam Aquino and Congressmen Teddy Baguilat/Cresente Paez in both houses of Congress.

Source:  Rappler.com

Sponsorship Speech of Sen. Bam Aquino on PRESENT Bill

It is my honor and privilege to stand before you today to sponsor Senate Bill No. 2210 under Committee Report No. 24, otherwise known as the Poverty Reduction Through Social Enterprise or PRESENT bill

It is my honor and privilege to stand before you today to sponsor Senate Bill No. 2210 under Committee Report No. 24, otherwise known as the Poverty Reduction Through Social Enterprise or PRESENT bill.

The objective o f this measure is to empower our marginalized sectors and provide them with the proper infrastructure where they can get the right opportunities to grow and progress. We need to create an environment where they can stand on their own, and be able to fully participate in our economy and our society. These conditions are to be inclusive and fair, where individuals and communities are able to think o f new ways o f solving ever-growing complex problems of poverty and injustice.

Sa kabila po ng nababalitang economic growth, marami p a rin tayong kailangang gawin para maibahagi natin ang growth na ito sa ating mga kababayan. Tinatayang may 2.969 milyong Pilipino ang walang trabaho ngayong taon, at dagdag pa dito ang mga nagsipagtapos na mga estudyante noong nakaraang buwan sa mga walang trabaho. Paano nila masasabing umuunlad ang bansa samantalang makikipagbuno sila sa pagha- hanap ng trabaho upang makatulong lang sa kanilang mga pamilya? Paano nalin matu-tulungan ang aling maliliit na negosyanle, ang mga tindera sa palengke, ang mga may-ari ng sari-sari store, mga magsasaka at mangingisda upang mapalago ang kanilang kinikita upang lalong masustentuhan nila ang kanilang mga pamilya?

Kaya’t, mga kaibigan, kailangan ay patulay tayo sa ating pagtugon upang malagpasan po nalin ang ating mga pagsubok at kahinaan.

If we are to take on the challenge to join in the movement to decrease our poverty rate, bridge the big divide between the rich and the poor, and be able to spread the wealth to more Filipinos, there is a need for us to think of creative and innovative solutions to address inequality in our country.

Kailangang bigyan ng pantay-pantay na pagkakataon at access sa trabaho at kapital para umangat ang estado at quality of life ng lahat ng Pilipino.

Through the Poverty Reduction through Social Enterprise or PRESENT Act of 20 14, the existing Micro, Small and Medium Enterprise Development (MSMED) Council, which is attached to the Department of Trade and Industry (DTI), shall be strengthened and expanded to become the National Enterprise Development Council or NEDC to effectively spur the growth

A social enterprise, or SE, is a social mission-driven organization that conducts economic activities o f providing goods and services directly related to its primary mission of improving the well-being of the poor and marginalized sectors. Ang pangunahing motibo ng mga Social Enterprise ay tulungan ang mga komunidad na masolusyonan ang kanilang deka-dekadang problema ng kahirapan gamit ang mga makabagong modelo sa pagnenegosyo at sa pagsugpo sa kahirapan.

The NEDC will develop and implement a comprehensive program that will progressively improve the lives and economic situation of the poor and the marginalized. It shall identify strategic economic subsectors with the potentials for growth, considering where the poor are concentrated so they can playa major role in their own development. In the process, it shall identify key SEs and resource institutions as partners in providing transactional and transformational services towards poverty reduction. SEs shall be developed as vehicles to ensure that the poor benefit the most from the sustainable subsector development.

DTI shall establish a center where it will implement policies, plans and programs that will promote social enterprise initiatives, and identify sources of financing for the social enterprise sector for enterprise incubation, start-up and expansion.

It will provide capacity building and sustain- ability programs, supported by a Social Enterprise Development Fund (SEDF).

It will also provide research and development services for poverty reduction and assistance for the market expansion of social enterprises in both domestic and foreign markets.

The bill encourages the establishment o f more social enterprises by promoting greater access to appropriate financing and insurance mechanisms, and providing greater participation in public procurement.

With this Act, we do not just aim to support one or two social enterprises but we wish to develop a social enterprise sector engaged in poverty reduction in our country.

Alam po ninyo, bago ako naging senador, ako ay naging isang social entrepreneur.

Sa programa po namin noon na “Hapinoy,” tinulungan namin ang mga nanay na may-ari ng mga sari-sari store na mapalaki ang kanilang negosyo.

Ang lokohan nga po nila, noong panahong iyon, ay hindi naman sa sari-sari store, kundi sara-sara store dahil sa mga balakid na naranasan nila sa pagnenegosyo.

Ngunit sa pamamagitan ng dagdag na training at mentoring, wastong pagpapautang at market linkage, dahan-dahang lumago ang kanilang mga negosyo.

At pagkatapos ng ilang taon, ang mga nanay na mismo ang siyang naging mga trainor ng aming mga programa. Sila mismo ang nagbahagi ng kanilang mga success stories para ma-inspire at matulungan ang ibang mga nanay.

Hindi lamang umunlad ang kanilang negosyo, nabigyan din sila ng kumpiyansa sa kanilang sarili, at sa kanilang pinaghirapan no kabuhayan.

Noong nakaraang linggo naman po, bumisita kami sa San Jose, Nueva Ecija para makipagkwentuhan sa Kalasag Farmers Producers Cooperative. Sila po ang ating mga magsasaka ng sibuyas doon sa Nueva Ecija.

Sa aming kwentuhan, nabanggit nila na dati raw, pana-panahon ang presyo ng kanilang sibuyas. Hindi pa sigurado kung may bibili ng kanilang ani. Kaya hirap na hirap silang iangat ang kanilang kabuhayan pati na rin ang kalagayan ng kanilang pamilya.

Ngunit nagbago ang kanilang buhay nang mai-ugnay sila sa isang malaking kumpanya dito sa Maynila na nangangailangan ng malaking order ng sibuyas.

Tinulungan po sila ng isang NGO na nagsilbing social enterprise. Ang pangalan po noon ay Catholic Relief Services na konektado po sa simbahan. lnorganisa po sila, tinuruan ng makabagong paraan ng pagsasaka, nabigyan ng access sa capital, at higit sa lahat, tinulungan silang magbenta ng kanilang mga produkto sa mas malaking merkado.

Lumaki po ang kanilang kita, nabigyan ng trabaho ang kanilang mga kapitbahay at nabigyan ng marangal na buhay ang kanilang pamilya.

Ngayon po, noong nagkuwentuhan kami noong isang araw, napag-aaral na raw nila ang kanilang mga anak hanggang college, napasemento na nila ang kanilang mga bahay at nakapaghuhulog na sila para mabayaran ang isang tricycle para sa kanilang pamilya. At siyempre, noong kami ay mag-aalisan na at magkokodakan na, naglabasan ang kanilang mga smart phone at tablet at kita namang may asenso na sila ngayon.

Ito po ang layunin ng PRESENT Act – na bumuo ng mas maraming organisasyong magpapatupad ng mga makabago at modernong solusyon na tutugon sa kahirapan.

Let us empower our poor communities and bring pride to themselves by helping them realize how integral they are in the inclusive growth goals of our country.

 

Sen. Bam: PH social enterprise to take centerstage at WEF

Social enterprise in the Philippines will take centerstage when Senator Bam Aquino discusses his experience in empowering and creating opportunities for the poor during the 2014 World Economic Forum (WEF) Annual Meetings in Davos-Klosters, Switzerland.
The senator, who chairs the Senate Committee on Trade, Commerce and Entrepreneurship, will speak during a session for social entrepreneurs on Jan. 21. The forum proper will be held from Jan. 22 to 25.
The senator will talk about social entrepreneurship in the Philippines during the morning session entitled “Changing the Game: Innovating Smartly in Organizations and Systems” at Post Hotel.
In the afternoon session entitled “Cracking the Emerging Market Code”, Sen. Aquino will share the story behind the successful Hapinoy Program which he co-founded in 2006 before he entered politics.
The Hapinoy Program is a micro-enterprise development program which focuses on small neighborhood convenience stores or sari-sari stores, commonly set up by Filipino mothers to help augment their family’s financial needs.
The program provides mothers with training, access to capital through micro financing, and opportunities for new businesses that will benefit both their families and the communities they are in.
Other Filipino achievers are also expected to join the lawmaker as they attend sessions on business, policy, design and social enterprise.
Sen. Aquino was a Young Global Leader of the World Economic Forum in 2006 and was a WEF panelist in 2012 for the “Learning from the Frontiers” session.
Based in Geneva , Switzerland , the World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.
Incorporated as a non-profit foundation in 1971, the WEF is tied to no political, partisan, or national interests. This year’s forum will have “The Reshaping of the World: Consequences for Society, Politics and Business” as its theme.
In April, the Philippines will host the 23rd World Economic Forum on East Asia , which is crucial in the region’s preparation for ASEAN integration in 2015.

ADB Official: PH Bright Example in Development of Social Enterprise

A ranking official of the Asian Development Bank (ADB) believes the Philippines has the potential to become a regional leader and a bright example in the development of social enterprise and inclusive business.
However, ADB vice president Stephen Groff stressed that the government and private sector must “take stronger steps to boost this sector” in this ideal time where there is “explosion and interest in social enterprise”.
“Such growth must rely primarily on local ingenuity, resources and commitment to substantially reduce poverty and deprivation across the country,” Groff said in his speech during the Social Business Summit, which opened last Wednesday at GK’s Enchanted Farm in Angat, Bulacan.
“Gains can be made by forging closer collaboration with international partners who can offer promising approaches, voluntary support, and technical expertise and financial resources,” Groff emphasized.
Groff said the government–both national and local–can serve as advocate and champion by raising awareness and providing finances to those interested in venturing into social enterprises.
“The government can also lead by example through the procurement of quality goods and services. It will help create a virtual cycle that will allow these social enterprises to grow,” he added.
The private sector, for its part, could sponsor a “bootcamp” to identify social problems, define change, construct business model and measure social impact.
SUPPORTING LEGISLATION
Earlier, Senator Bam Aquino, the first social entrepreneur to be elected as senator, filed a number of bills that aim to support social enterprises and redefine the concept of social value in government spending.
Senate Bill No. 1026, otherwise known as the “Social Enterprise Bill,” aims to establish a Poverty Reduction Though Social Entrepreneurship (PRESENT) Program that will “provide a nurturing environment for the growth and burgeoning of strong and innovative social enterprises as tools to reduce poverty”.
Sen. Aquino also filed Senate Bill No. 1029, also known as the Social Value Bill, which redefines “value for money” for government procurement as going beyond products and services with the lowest price, to those which offer “the greatest collective benefit to the community.”
The young lawmaker earlier said, “Ultimately, our goal is to ensure that, as the country grows, more Filipinos are able to grow with us. Now that the Philippines is growing at a phenomenal rate and all eyes are on our economy, now is the time to make sure that no one gets left behind.”

GK Enchanted Farm is Site of Country’s First Social Enterprise School

The GK Enchanted Farm in Angat, Bulacan will be the site of the first-ever social enterprise school that will help spur the sector’s growth.

This was announced Thursday by no less than Education Secretary Armin Luistro during the Social Business Summit that coincided with Gawad Kalinga’s 10th anniversary celebration.

Luistro said the social enterprise school will be part of senior high school or the last two years under DepEd’s K+12 program.

“The social enterprise school will serve as a model for the establishment of such kinds of schools in other parts of the country,” said Luistro.

Luistro said that with GK spearheading the first social enterprise school, students will be prepared and guided for small business ventures and other career paths that are in tune with today’s demands.

“This program is also in line with DepEd’s Abot-Alam program, which aims to lure some five million out-of-school youth back to school,” Luistro added.

Also, Luistro shared his plan of connecting public schools in the Philippines’s 46,500 barangays with local community and industry partners to further advance the quality of education in the country.

Government convergence

Key personalities and institutions from both the government and the private sector have likewise pledged support for this initiative.

Aside from Luistro, Agrarian Reform Secretary Gil de los Reyes, National Economic Development Authority (NEDA) head and Environment and Natural Resources Assistant Secretary Marcial Amaro also emphasized their commitment to GK’s programs and advocacies.

Amaro said the DENR has committed to establish an Agro-Economic and Nature Park at the GK Enchanted Farm that will help the government’s National Greening Program.

For his part, de los Reyes said the agency is focused on strengthening Agrarian Reform Beneficiary (ARB) groups in different parts of the country by providing them with the needed farm equipment and other implements.

Also, de los Reyes said the DAR is coordinating with other government agencies such as the Cooperative Development Authority (CDA) and the Bureau of Internal Revenue (BIR) to fast-track the establishment of cooperative and rural workers association at a cheaper cost.

Balisacan, in his speech, emphasized that social entrepreneurs play a key role in reducing the country’s unemployment and poverty rate.

Private sector support

From the private sector, high-profile educational institutions De La Salle University and Hautes Etudes de Commerce (HEC) Paris—Europe’s leading business school—have likewise committed to support the educational of future social entrepreneurs.

According to Bénédicte Faivre-Tavignot, Executive Director of the HEC Social Business Chair, “It’s urgent to invent new ways to do business and to raise a new generation to do it. We need a paradigm shift [in education and in doing business.]”

Likewise, organizations and corporations such as the LifeBank Foundation and Hyundai have committed to support the education of future social entrepreneurs by developing both physical infrastructure and long-term programs, in order to build “laboratories” for social enterprise and countryside development. These are among the many other forms of support pledged by various public and private sector partners of Gawad Kalinga.

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