5 Reasons Why You Should Support Social Enterprises

Posted on
October 25, 2023
Written by:
Trish Lim Francia
5 Reasons Why You Should Support Social Enterprises

Social enterprises have been gaining popularity in recent years as an alternative to traditional for-profit businesses. If you're unfamiliar with them, you may be wondering why you should support them over other businesses.

In this article, we'll explore five compelling reasons why supporting social enterprises is not only good for society and the planet, but can also benefit you as a consumer or investor. From promoting sustainability to empowering marginalized communities, social enterprises offer a wide range of benefits that traditional businesses simply can't match. We’ve also featured a few enterprises to get you inspired.

So if you're looking to make a positive impact with your purchasing power, read on to discover why social enterprises are worth your support.

1. Not Your Usual Business

It's not just about profits. Social enterprises are driven to help people and preserve the planet. Profit is still important for fueling this mission, creating wealth both for the enterprise and the communities it supports.

Rodmark Barriga of Palamigan Co.

2. Purchase with Purpose

Be part of a bigger cause. By buying from social enterprises, you help people in need or contribute to the planet's protection - or even both!

Blake Mycoskie of Toms Shoes

3. People Helping People

Improve the quality of life of local communities. Filipino social enterprises work with marginalized sectors - those earning too little, who are not given equal opportunities as others, and do not have a voice.

Jenita Eko of Lake Sebu Indigenous Women Weavers Association

4. Solve Everyday Problems With Creative Solutions

Own something unique and impactful. Social entrepreneurs think of innovative ways to approach social, cultural and environmental problems. These result in unique products and services that are not only practical, but also attractive.

Willie Garcia of Junknot!

5. Live Sustainably

Leave a smaller environmental footprint. Social enterprises encourage conscious consumption. They look at ways to reduce waste, adopt more sustainable practices, and engage communities to think deeply about their impact on the planet.

Noli John Mercader of Lola Sayong Eco-Surf Camp

Which social enterprises do you support?