Empower ABM BORGIA

VOL. I, ISSUE 1; February 2017

Editorial: By jego buenaventura

The Catholic Church calls us to show Preferential Option for The Poor. However, I do not believe that this is only a task for Catholics. I believe that as human beings, each and every one of us, no matter what race or religion, has the responsibility to care and reach out towards the needy.

As a group of current Accountancy Business and Management strand students, we created this magazine as a bridge to connect people to the world of social entrepreneurship.

In the Philippines, countless of Filipinos experience poverty. Through social entrepreneurship, we hope that the poor will be given the means to break out from the vicious cycle of poverty. A social enterprise aimed at the improvement of communities and a better world, is our proposed solution to this problem plaguing our country and world.

We are reaching out to all those who care for the poor, especially Filipinos to take up a cause and help solve this grave problem of poverty. Social Entrepreneurship is just one of the ways to help alleviate poverty. Through this magazine, hopefully, we would have at least been able to inform you, our readers, of the world of social entrepreneurship and even have been able to inspire you to become world-changing social entrepreneurs.

STUDY: POVERTY IN THE PHILIPPINES

by: ceth de guzman

The Asian Development Bank (ADB) conducted a study which aimed to provide a comprehensive analysis of the causes of poverty in the Philippines and give recommendations for accelerating poverty reduction through sustained and more inclusive growth. It was stated in their study that, "Poverty and inequality have been recurrent challenges in the Philippines and have again come to the fore in the wake of the current global financial crisis and rising food, fuel, and commodity prices experienced in 2008."

At present, the Philippines is still lagging behind in meeting the targets on access to primary education, maternal mortality rates, and access to reproductive health care. Because of the current global economic crisis and recent increases in poverty incidence, the goal of reducing the proportion of people living in extreme poverty may not be achieved. According to ADB, the main causes of poverty in the country are

  • low to moderate economic growth for the past 40 years;
  • low growth elasticity of poverty reduction;
  • weakness in employment generation and the quality of jobs generated;
  • failure to fully develop the agriculture sector;
  • high inflation during crisis periods;
  • high levels of population growth;
  • high and persistent levels of inequality (incomes and assets), which dampen the positive impacts of economic expansion; and
  • recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters, and “environmental poverty.”

Thus, the ADB recommends that there is a need to enhance the government’s strategy and to involve key sectors for a collective and coordinated response to poverty. Also, the government must sustain its efforts for economic and institutional reforms.

WHAT IS A SOCIAL ENTERPRISE?

BY: aleksi baser

According to Social Enterprise UK,

Social enterprises trade to tackle social problems, improve communities, people’s life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community. And so when they profit, society profits.

Social enterprises should:

  1. Have a clear social and/or environmental mission set out in their governing documents
  2. Generate the majority of their income through trade
  3. Reinvest the majority of their profits
  4. Be autonomous of state
  5. Be majority controlled in the interests of the social mission
  6. Be accountable and transparent

Simply put, social enterprises are businesses that are changing the world for the better.

Three Social Enterprises in the Philippines:

http://www.gk1world.com/home
http://hapinoy.com
https://rags2riches.ph

For more, visit: https://www.choosesocial.ph/explore

HOW TO START A SOCIAL ENTERPRISE

by: xavier bautista

According to Forbes.com, these are the 7 steps for starting a social enterprise.

1) Articulate a problem and a solution

As an entrepreneur, you need to convince people to trust you—to fund you, to invest their time, to leave better paying jobs to support your cause. “You need to clearly articulate a problem and the solution,” It’s easier to engage supporters when you make it clear how your organization is part of that solution.

2) Surround yourself with experts in your field

Have the support of experienced people who believe in your mission, and help generate more attention and funding.

3) Hire staff that’s flexible and entrepreneurial

If you’re running a start-up organization, you need to run with people who think entrepreneurially. Hiring the right early-stage employees always pays off.

4) Shake a hand, raise a dollar

Make connections which open doors to other enthusiasts who will begin to fundraise for you, expanding your network of donors. Find people with an urge to make an impact, and then show them how, with their monetary donations, your solution could change the world.

5) Make noise in the media

Media attention from widely-distributed and respected media outlets is incredibly helpful for a social enterprise. Make headlines by cultivating contacts, pitching story ideas, and drawing on media connections.

6) Choose your board wisely

Many founders seek experts in their field for their board. This is important, but don’t be afraid to seek different perspectives, which can help your organization diversify its network.

7) Be able to measure your impact

Having measurable and quantifiable indicators has helped you retain and grow your investment pool.

Created By
Mikee Uy
Appreciate

Credits:

Created with images by David Guyler - "Market Trader 2" • David Guyler - "At the Sari-Sari Store" • David Guyler - "Loaded Up" • David Guyler - "The Ice Cream Man" • RM Ampongan - "Dweller" • RM Ampongan - "untitled image" • RM Ampongan - "Watchmaker" • AlmaGamil_Philippines - "Bulusan fisherman and his woven fish traps"

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