13 Oct '11, 1pm

#Socent: Using social enterprise to help Philippine's poorest

#Socent: Using social enterprise to help Philippine's poorest

MANILA: A third of the Philippines' population lives in poverty, and encouraging social entrepreneurship could be one solution to improving their lot. Three years ago, Ms Guia De Vera could hardly make ends meet. Her husband was earning US$8 a day working as a driver, and it wasn't enough to feed her five children. Their lives changed when she became a weaver at GKonomics. Now, not only is she able to provide for her family, she even has extra cash for savings. Ms De Vera said: "It was very hard to budget my husband's meagre salary. But now, things have changed. Before, we did not have money to go out. Now, every Sunday, we have extra money to go to the mall with my family." Ms De Vera is one of 30 weavers employed by GKonomics, a non-government organisation that has started various social enterprises in impoverished communities. Ms Pinky Poe, finance director at GKonomics...

Full article: http://www.channelnewsasia.com/stories/southeastasia/view...

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