ENTREP | Social Entrepreneurship

NGO

• obtains the needed funds through donations, philanthropy, and grants

• provides goods and services (if any) without charge

Social Enterprise

• obtains the needed funds through loans and capital investment

• aims to become financially sustainable and generate income

Importance of Social Entrepreneurship

1. Employment Development

2. Innovation/New Goods & Services

3. Social Capital

4. Equity Promotion

Employment Development

Social enterprises provide employment opportunities and job training to the disadvantaged segments of society.

Innovation/New Goods & Services

Social enterprises provide solutions for societal problems like illiteracy, hunger, malnutrition, gender equality and environmental protection.

Social Capital

Social enterprises value social capital which is the long-term relationship between communities and countries that practices the ethics of cooperation.

Equity Promotion

Social enterprises are change agents that provide unmet social needs. Their framework starts at the social and economic grassroots level to seriously address the issues rather than profit maximization.