Jared Discovers: FSSI Supports Social Entrepreneurs To Grow Local Communities

Social investment non-profit organization Foundation for a Sustainable Society, Inc. {FSSI} continues to scale up social entrepreneurship by offering financial and non-financial products to Filipino enterprises, promoting inclusive socio-economic growth and environmental sustainability.

The British Council, supported by the United Nations Economic and Social Commission for Asia and the Pacific, reported that social enterprises in the country have struggled to balance their environmental and financial goals to achieve business stability and effectively measure their overall impact. FSSI addresses this challenge through its triple bottom line (3BL) approach, which measures People, Planet, and Profit as the main indicators. Through this approach, FSSI has benefited over 280 local social enterprises, resulting in deeper support to the communities they belong to, more paths to sustainability, and more
profitable businesses – all at the same time.

“Social enterprises aim to create social and environmental impact, while maintaining a viable business at the same time,” said Sixto Donato C. Macasaet, Executive Director at FSSI. “In order to achieve their goals, we and our partners from national civil society organizations and international organizations help them address their challenges through our needs-based services that include loans, developmental deposits, seed capital, and equity investment.”

Women-led enterprise Mallig FST Multi-Purpose Cooperative is engaged in lending, savings deposits, agricultural inputs trading and mechanization services, and rice milling. In 2022, the cooperative expanded and opened a gas station in Mallig, Isabela to create jobs for their immediate community.

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Jared Discovers: Jollibee Opens First Store In Downtown Los Angeles

Keeps up growth momentum in North America

Jollibee in Downtown {DTLA} recently opened its doors this May to customers who are excited to savor their Jollibee favorites. The DTLA is at a prime location at 729 7th Street in the heart of the city’s Financial District, on the corner of 7th & Flower Street across from the Bloc, a prominent shopping destination for residents, office workers, and visitors.

Homegrown restaurant chain Jollibee opens its first branch in bustling metropolitan Downtown Los Angeles, California and the brand’s 57th store in the US.

“We are thrilled to be opening our doors at one of the world’s most dynamic and diverse metropolitan hubs whose people have a strong sense of community,” said Maribeth Dela Cruz, Business Group Head, Jollibee North America.

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Announcement: A Coca-Cola Bayanihan In The Midst Of A Pandemic

The Coca-Cola Foundation, Coca-Cola Philippines contribute aid to Filipinos impacted by Super Typhoon Odette

Meanwhile, the local Coca-Cola Foundation Philippines has provided humanitarian aid to 5,420 families, donating P5.8 million for food packs, hygiene kits, shelter or roof repair kits, drinking water, and water filtration kits to help them cope in the aftermath of the typhoon. Coca-Cola Foundation Philippines has channeled its assistance through its NGO partners Water and Life
Philippines, World Wildlife Fund-Philippines, Caritas-Manila, Philippine Business for Social Progress, Gawad Kalinga, World Vision, Synergeia Foundation, and Waves 4 Water.

“The Coca-Cola Foundation is resolute in its commitment to communities by extending humanitarian aid to those in need,” says Saadia Madsbjerg, President of The Coca-Cola Foundation. “We recognize the devastating impact of natural disasters and the pandemic especially on vulnerable communities with limited resources.”

Cecile Alcantara, President of Coca-Cola Foundation Philippines, adds: “Coca-Cola Foundation Philippines and its trusted partners will continue to serve Filipinos not only through our programs on waste management, water stewardship, education, and youth and women empowerment but also through our long-held commitment to disaster relief. The resilience of a Filipino is always strengthened when we come together—and we are here to give our unrelenting support, one day at a time.”

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