Livelihood and Social Enterprise
The PLDT-Smart Foundation Inc. (PSF) supports livelihood and social enterprise initiatives as means of providing Filipinos with opportunities to increase economic activity, foster the spirit of entrepreneurship, facilitate employment and improve the quality of lives and communities.
It is a youth challenge that will award cash grants, mentorship and training programs to the business ideas that will alleviate poverty or solve a social issue in the Philippines.
The project targets the Filipino youth aged 18-30 years old forming a group of three maximum of five members each with. The proposal/venture must be operated independently on its own, and not serve as a sub-project or operation of a non-profit organization (international or local), a private company or its subsidiary. Existing start-ups may be considered, provided that these have not participated and/or won monetary prizes from similar business grants competitions.
• To reduce or alleviate poverty in the Philippines;
• To serve or provide a concrete avenue for the youth to be an enabler of social change in Philippine society; and
• To promote the use of innovative ICT solutions (as a tool) for young and budding Filipino social entrepreneurs
Partners: Philippine Long Distance Telephone Company (PLDT), RFM Foundation, and Outstanding Students of the Philippines Alumni Community (TOSP-AC). website: http://www.projectpagsulong.ph
Livelihood Recovery Project for the Victims of Typhoon Pablo
The Livelihood recovery project for the victims of Typhoon Pablo is a post-disaster recovery project that was conceptualized under the farmer Entrepreneurship Program which is a joint project of Jollibee Group Foundation, the National Livelihood Development Corporation and the Catholic Relief Services. The projects aims to contribute to rebuilding the lives of Typhoon Pablo affected families through the restoration or development of their livelihood.
Partnership with ASA Philippines Foundation, Inc.
The PSF has partnered with ASA Philippines Foundation, Inc. (ASA) which has 70,000 borrowers. Through its microfinance program, ASA aims to provide micro-entrepreneurs access to working capital to expand their businesses. Utility personnel such as waiters, janitors, drivers and security guards who work at PLDT and Smart may likewise avail of loans from ASA.