Social Entrepreneurship: Drivers for Positive Change

Social entrepreneurship become one of the emerging businesses in the Philippines. It aims to address pressing societal challenges while creating a sustainable and impactful business. Traditional businesses may fall short of tackling social problems, but social enterprises combine the concepts of running a business and creating a positive impact on a community.

Social entrepreneurship involves identifying different social problems to develop innovative solutions. Social entrepreneurs or organizations are passionate and cater to the needs of the community. They strive to create solutions while maintaining a balance of financial sustainability.

Successful social entrepreneurs like Aisa Mijeno have created a social enterprise that addresses a social issue. Her company SALt (Sustainable Alternative Lighting), has developed a sustainable, innovative, and eco-friendly solution to light up homes in isolated areas where electricity is not accessible.

However, social enterprises are not without challenges. One of the biggest hurdles for a social enterprise is access to funding, as traditional investment models often prioritize financial returns over social impact. Creating a balance between financial sustainability and continuing a social mission requires creative business models and strategic partnerships.

Collaborations between social entrepreneurs, corporations, and governments will help extend its reach to expand the impact of social entrepreneurship initiatives.

Social entrepreneurship is a great initiative to drive positive change in our society. With more social enterprises trying to make a difference in the world, this will help secure a better future for everyone. (ASC)