Sign IN >>
BUILDING COMMUNITIES TO END POVERTY
WHO WE ARE HOW WE END POVERTY VOLUNTEER GIVE EXPLORE GK1WORLD
HOW
WE END
POVERTY

Social entrepreneurship: Ending poverty from the bottom up
[Date Created: October 3, 2014]

by Ryan Macasero

*This article was published on Rappler.com  last October 3, 2014. For the online version, click HERE.


'What is important for a social enterprise is that we build a sustainable enterprise, something that will last,' explains Gawad Kalinga founder Tony Meloto

BOTTOM UP. Businessman Manny Osmeña and GK Executive Director Luis Oquiñena talk about ending poverty
from the bottom up. Osmeña screenshot from Rappler; Oquiñena photo by Linh Do/Gawad Kalinga

BULACAN, Philippines – “Why should a rich country like the Philippines stay poor?” asked Gawad Kalinga (GK) founder Tony Meloto at the opening of Social Business Summit 2014, at GK's Enchanted Farm, in Bulacan.
The Philippines experienced 7.2% economic growth in 2013, but that has hardly felt by the country’s poor.

What are the roles of businesses and community organizations in pushing inclusive growth in the Philippines? This question was tackled in the first session of the Summit, “Starting From The Bottom Up," which focused on bottom up development and how citizens and community groups can end poverty. The summit’s official hashtag is #EndPoverty, and encourages participants to take the conversation on sustainable development and poverty elimination online.

A big part of bottom-up change comes from the business sector, through what is now known as social entrepreneurship.

“It takes courage to be a social entrepreneur. We have to begin from the bottom up,” Meloto said. 

Social entrepreneurship is a for-profit business model that pursues innovative solutions to societal problems. But can for-profit businesses help include the poor? Meloto emphasized that social businesses must be profitable and sustainable.

“What is important for a social entreprise is that we build a sustainable enterprise, something that will last,” Meloto explained.

While it may be difficult to think of business as a social enterprise, Meloto believes that it is the way toward more sustainable economic development. “We can’t help the poor if we are poor ourselves,” he added.



>> Read the full article HERE.

>
> Read about the day by day update from the Social Business Summit 2014 HERE.

>> Join in the conversation, follow the live blog @ Ra
ppler #EndPoverty




STAY CONNECTED
Subscribe
GIVE VOLUNTEER EXPLORE
Who we are | FAQs | Archive | Contact Us
Copyright 2014 GK1WORLD All rights reserved | designed by Gawad Kalinga Marketing Team