Abstract
Social enterprise first surfaced as a concept in the Philippines in the 1990s. Social enterprise was considered as existing “for a community of worker-owners who to jointly improve their lot through collaborative, cooperative and prosperity-sharing mechanisms”. A social enterprise was characterised as being different from a private or traditional business enterprise in terms of its primary stakeholders and beneficiaries, its primary objectives and its enterprise philosophy. The Philippine Social Enterprises with the Poor as Primary Stakeholders (SEPPS) Study considers SEPPS as responses to the systemic and widespread poverty, inequality and the continuing failure of state and market institutions to serve the needs of the poor in developing countries such as the Philippines. Five main groups of SEPPS have been identified by the Social Entrepreneurship in Asia SEPPS Study. These groups are: social cooperatives, social mission driven microfinance institutions, fair trade organisations, trading development organisations and new-generation social enterprises.
Published Version
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