Philippine Business for Social Progress provides self sustaining programs
The Philippine Business for Social Progress (PBSP) continues to advocate poverty abolition in the country, and underscores the importance of the business sector and the government to scale up its campaign for this purpose.
PBSP’s Livelihood and Enterprise Development programs are designed toward achieving collective impact in strengthening and upgrading the value chain of priority sectors, workforce development, corporate community partnerships, social entrepreneurship and the micro, small and medium enterprises promotion and innovative financing.
Its Inclusive Business Imperative campaign is a nationwide advocacy to promote and adopt inclusive business as a core business activity that embraces the poor within the company’s value chain as suppliers, distributors, consumers or employees in such a manner that creates shared value.
Project Bagong Araw, launched early this year, aims to revive the sarisari store economy in Supertyphoon Yolanda affected communities. Its goals are to stabilize retail prices of basic commodities and provide people in these areas with access to affordable consumer goods. The project targets the low income women aged 20 to 65 who are microfinance clients in Leyte.
Meanwhile, the Small and Medium Enterprise Credit program, which started in 1989, continues to disburse funds to conduit thrift banks, rural banks and microfinance institutions to benefit micro and small enterprises, and create and sustain jobs in the countryside.
For more on PBSP,visitwww.pbsp.org.ph.
Source: Business Mirror, p.4 of B2, November 4, 2014