Foundation for a Sustainable Institution (FSSI), with its advocacy to promote social entrepreneurship for sustainable poverty reduction in the Philippines, turned two decades this year, June 2
Founded in 1995, FSSI is a non-government organization (NGO) that bridges supports between social enterprises and microenterprises, particularly focused on farmers, fishers, indigenous peoples, women and agricultural workers through providing development and financial assistance.
“Community enterprises are crucial to the development of the country’s economy, FSSI recognizes this need by maximizing the capacity of our local people through financial services and grants which, in return support the inclusive growth of our local economies,” FSSI Executive Director Jay Lacsamana explained.
PETA artists stimulated the anniversary celebration with a comical theater play discussing the roles of FSSI and instilling “Kapwa, Kita, Kalikasan” to the audiences which reflects the organization’s “Triple Bottom Line” (3BL) principles.
Derived from the United Nation’s three pillars of sustainability, the 3BL principles or the “Three E’s” were the basis used by FSSI in considering the social enterprises they will support, those that foster environmental protection, economic development and social equity.
“In a general sense , we want to integrate economic, social and environment dimensions in the development of our projects, we see triple bottom line entrepreneurship as a sustainable pathway to poverty reduction and more inclusive economic and enterprise system,” said Florencia Dorotan, FSSI Board of Trustee.
Actively engaging in working with other social enterprises and shareholders, FSSI already helped around 200 social enterprises with triple bottom line in marginalized communities in the country.
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