WEEK

MAGNA CARTA
SOCIAL
ENTREPRENEURSHIP

HERMILINDA Q. SUMAGPAO,MBA, LPT

 Magna Carta f o r
Social Entre
reneurshi
First introduced by Quezon City
Fourth District Rep. Lorenzo Tañada in
the 15th Congress in 2012, House Bill
6085 called for the creation of a
Magna Carta for Social Enterprises
that will promote this type of
business as part of the poverty
reduction program.
In addition, the Magna Carta vests
rights and privileges on social
enterprises and proposes “a Poverty
Reduction through Social
Entrepreneurship or PRESENT
program” and the creation of a Social
Enterprise Commission. Sen. Paolo
Benigno “Bam” Aquino IV filed the
Senate version of the bill in 2015.
 Magna Carta f o r
Social Entre
reneurshi
The social enterprise bill provides for incentives and benefits for
such organizations, including access to capital, tax exemptions,
marketing, research and systems development support, and the
preferential right of social enterprises to government
procurement.
The bill also grants incentives to start-up social
enterprises employing persons with disabilities.
 OVERTY
REDUCTION
ENTRE
THROUGH RENEURSHI
SOCIAL
ACT
( RESENT ROGRAM)
An a c t institutionalizing the Poverty Reduction through
Social Entrepreneurship (PRESENT) program and
promoting social enterprises with the poor as primary
stakeholders.
 OVERTY REDUCTION
THROUGH SOCIAL ENTRE
RENEURSHI
The PRESENT Coalition was formed in 2012 as an alliance of
various social enterprise practitioners, advocates, NGOs,
a n d members of the a c a d e m e who have joined together to
advance social entrepreneurship as an approach to poverty
a n d economic development.
Its bases of unity a n d action are to:

·Push for the enactment a n d implementation of the

PRESENT Bill;
·Undertake a nationwide education c a m p a i g n on SE
as vehicles for poverty reduction;
·Develop standards a n d benchmarks for self-
regulation a n d development of sector.
 LOCAL
PROGRAM (LGU)
Example: GOURMET
KESO

Xilca Alvarez - Lawyer

turned social
entrepreneur offers
livelihood opportunities
to local communities in
Phillipines
Example: RED CARPET

Red Carpet, produces h a n d - crafted bags, h o m e furnishings a n d other sewn textile

products, looks to provide jobs for out-of-work mothers in Angat, Bulacan: “Many of
the n a n a y s in this community were m a d e redundant after textile factories
relocated to cheaper labor markets. A prime motivation for Red Carpet is therefore
to s how ca s e the skills a n d craftsmanship of the Filipino, starting here.”
NATIONAL
PROGRAM-
(Government)
This DTI program, which translates to the Fund for C h a n g e
a n d Growth in Tagalog, helps entrepreneurs by streamlining
a n d simplifying the loan process.

P3 gets around this by encouraging a n d incentivizing other

alternative sources of loans a n d funding for entrepreneurs,
such a s microfinance institutions (MFIs).
The benefits under this law help out microentrepreneurs in the Philippines
by giving them incentives to help run their small businesses.

Officially registering a s a BMBE reduces the amount of taxes, fees, a n d

charges you’ll need to deal with at the start of setting up a business.