Opportunities in Social Entrepreneurship

As part of its advocacy to promote social entrepreneurship (SE) as an approach to ease poverty, Peace and Equity Foundation (PEF) joined this year’s Social Development Celebration, an annual event of the Caucus of Development NGO Networks (CODE-NGO). The gathering happened from November 23 to 25, 2016 in Sequioa Hotel – Quezon City.

PEF led one of the event’s breakout sessions last November 24. Entitled “Opportunities in Social Entrepreneurship”, the session underscored on how poor communities can benefit from social and economic growth through enterprise participation.

Mr. Omar T. Salvo, Manager of PEF’s Partnership and Programs Unit, tackled how PEF enabled social enterprises in the past five years. Mr. Salvo also highlighted the Foundation’s intention to scale the SEs’ capacity and reach in the coming years by strengthening its partnerships and providing holistic interventions to support the SEs’ growth.

In order to give the participants a concrete picture on how social entrepreneurship works on-ground, PEF invited three of its SE partners to share how they were able to support their beneficiaries through their businesses.

Mr. Francisco Rubio, General Manager and CEO of Green Life Coco Products, showcased its village-based virgin coconut oil processing model and how this helped small farmers acquire greater profits than what they get in usual large scale production set-up.

Meanwhile, Dr. Mercedita Tuaño of Healthdev Integrative Clinics Inc. and Mr. Jaime Ayala of Hybrid Social Solutions gave participants insights on how social enterprises can also be agents to deliver basic social services such as health and sustainable energy to poor households.

Through this breakout session and its other learning events, PEF seeks to continually make the public more aware on social entrepreneurship and inspire organizations to consider SE as a strategy to reach more communities.