TWENTIETH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
'25 JlJL 14 A10 32
S. No
SENATE
468
Rl-CiVV-
Introduced by Senator Jinggoy Ejercito Estrada
AN ACT
INSTITUTIONALIZING THE POVERTY REDUCTION THROUGH SOCIAL 
ENTREPRENEURSHIP (PRESENT) PROGRAM AND PROMOTING SOCIAL 
ENTERPRISES WITH THE POOR AS PRIMARY STAKEHOLDERS
EXPLANATORY NOTE
Social enterprises are defined by the Asian Development Bank (ADB) as 
"financially sustainable enterprises that intentionally generate positive or social 
impact". They operate like any other businesses but their ultimate goal is not to 
earn profit but to address social problems such as poverty, unemployment, hunger, 
poor health and environmental degradation. They utilize a positive approach 
towards achieving their goals by involving the stakeholders, particularly the poor, in 
the operations and production of the enterprise as workers, suppliers, clients and/or 
owners. Apart from this, they usually use indigenous materials and human capital 
skills in the production of their goods and services.
In the Philippines, there are more than 160,000 social enterprises in the year 
2019 and 70% of them are micro, small and medium enterprises. If their capacities 
and potentials will be effectively maximized, they will undoubtedly become powerful 
instruments to allow our people to be productive, self-sustaining and empowered. 
In fact, the British Council and the Philippine Social Enterprise Network (PhilSEN), 
with the support of the European Union (EU) and the United Nations Economic and


Social Commission for Asia and the Pacific (ESCAP) published a study entitled, 
"Reaching the Farthest First: The State of Social Enterprise in the Philippines" 
wherein they presented the following findings:
• 
Social enterprises are empowering women through employment and 
leadership of social enterprises;
• 
Young people are becoming active in the sector particularly in the newer 
startups;
• 
Social enterprises are creating new pathways to better livelihoods and 
supporting inclusive growth;
• 
Of the 34% growth in jobs in the Philippine economy, it is estimated that 5% 
come from social enterprises;
• 
In terms of sectors, social enterprises are mostly in agriculture. This support 
is welcome and critical to alleviate the conditions of our farmers, producers 
and cooperatives. Some sectors have very little representation such as 
fisheries, energy, housing and justice and rehabilitation;
• 
Social enterprise activity in the Philippines is taking off - the number of social 
enterprise start-ups has more than tripled in the last decade alone.
The study concluded that, "The social enterprise sector in the Philippines is 
vibrant and promising" and enumerated their contribution to address the persistent 
problems of the country. However, it also stated that, "Despite their reported 
progress and optimism, Filipino social enterprises still face significant barriers to 
growth - the main barrier being lack of access to financing. In addition to the social 
enterprise sector's aiready developing support environment, there is a need for 
increased government and private sector involvement in their growth and 
development. The private sector should help facilitate the entry and integration of 
social enterprises into the market. On the other hand, the government needs to 
formally recognize sociai enterprises and their indispensability as both economic 
agents and drivers of social inclusion and cohesion, and tailor policies that will 
enable them to maximize their potential."


An art,cle published in October 2024 featured different organizations engaged 
in social enterprise and the various activities being conducted to invite more 
corporations to take part in their advocacy as well as to seek support from the 
members of the community. Indeed, social enterprises in the country are very 
active and hold promising potentials to contribute to our national development*
The Poverty Reduction Through Social Entrepreneurship (PRESENT) Act'
seeks to institutionalize the programs for poverty reduction and promote social
enterprises with the poor as primary stakeholders. The measure seeks to provide a
legal framework that will mandate concerned government agencies to support them,
provide incentives that will encourage more individuals and groups to engage in
social enterprises, and ensure that sufficient resources and public funds are allocated 
for its implementation.
in the hope of enacting the PRESENT Act into law at the soonest possible 
time, this bill is highly recommended.
EJERCITO ESTRADA
1 Supporting social enterprises with a purpose: Should wp?
3


TWENTIETH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
JIJL 14 A10 32
SENATE 
S. No. _ 4R8
m::: ' ■
Introduced by Senator Jinggoy Ejercito Estrada
AN ACT
ssi
ENTERPRISES WITH THE POOR AS PRIMARY STAKEHOLDERS
%ngreensltiZlehd: SSnate H°U5e °f 
P^^ines in
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Section 1. Short Title. - This Act shail be known as the "Poverty Reduction 
Through Social Entrepreneurship (PRESENT) Act',
Sec. 2. Declaration of Policy. - Tne State shaii promote a just and dynamic 
sociai order that wiil ensure the prosperity and independence of the nation and free 
the peopie from poverty through poiicies that provide adequate sociai services, 
promote fuil empioyment, a rising standard of iiving, and an improved quality of life 
for all. The State shall provide social justice in all phases of national development
and that the State values the dignity of every human person and guarantees full 
respect for human rights.
The goals of the national economy are a more equitable distribution of 
opportunities, income, and wealth; a sustained increase in the amount of goods and 
services produced by the nation for the benefit of the people; and an expanding 
productivity as the key to raising the quality of life for all, especially the 
underprivileged. The State shall promote industrialization and full employment 
based on sound agricultural development and agrarian reform, through industries


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that make full and efficient use of human and natural resources, and which are 
competitive in both domestic and foreign markets.
The State also recognizes the important role of enterprises in the economy as 
the major agent of development, creating off-farm employment opportunities and 
providing transitional means of improving the livelihood of the people.
Towards this end, the State shall pursue an inclusive growth strategy that 
promotes an environment conducive to the development and growth of a vibrant 
social enterprise sector engaged in poverty reduction, economic and social 
development. It shall empower the poor as primary stakeholders in social 
enterprises, establish mechanism essential to realizing their potential and achieving 
their full growth, and extend the assistance necessary for their advancement. The 
State shall likewise provide technical and financial assistance, incentives and other 
services to enable Social Enterprises to develop into viable and vital anti-poverty
agents, and a strong social entrepreneurship movement that will be instrumental in 
reducing poverty in the country.
Sec. 3. Definition of Terms. —
a) A Sociai Enterprise or SE shall refer to a social mission-driven organization 
that conducts economic activities providing goods and services directly 
related to their primary mission of improving the well-being of the poor, 
basic and marginalized sectors and their living environment. A social 
enterprise explicitly declares and pursues poverty reduction as its principal 
objective by purposefully rendering both transactional and 
transformational services. An SE engages and invests in the poor to 
become effective workers, suppliers, clients and/or owners and ensures 
that a substantive part of the wealth created by the enterprise is 
distributed to or benefits them. In addition to reinvesting its surplus or 
profits back to the enterprise to sustain the fulfillment of its social mission, 
an SE also uses its surplus or profits and mobilizes other resources to 
assist the poor to become partners in SE or value chain management and 
governance and to become partners in community, sectoral and societal 
transformation;


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b) Government Procuring Entity refers to any branch, department, office, 
agency or instrumentality of the government, including state universities 
and colleges, government-owned and/or controlled corporations, 
government financial institutions and local government units (LGUs) 
procuring goods, consulting services and infrastructure projects;
c) Economic Subsectors refer to networks of related actors and enterprises 
performing various functions In value chains. These actors and 
enterprises transform raw materials into finished products, or develop 
services, and distribute or provide them through market channels to final 
consumers; they may be identified by key raw material source, by finished 
product or final service provided. An economic subsector may be 
comprised of several competing value chains. By understanding the 
dynamics of economic subsectors and using them as units of planning 
social entrepreneurship interventions, government agencies, support 
institutions and SEs shall more effectively reach and benefit a greater 
number of poor in poverty reduction programs.
d) Marginalized Sectors refer to groups of people who are stigmatized or
excluded by virtue of their physical, psychological, economic, social or 
cultural circumstance;
e) Poor, as defined by Republic Act No. 8425, refers to individuals and 
families whose income fall below the poverty threshold as defined by the 
National Economic and Development Authority (NEDA) and/or cannot 
afford in a sustained manner to provide their minimum basic needs of 
food, health, education, housing and other essential amenities of life;
f) Poverty Reduction shall mean overcoming the income, resource and 
capacity deprivation among the poor, basic and marginalized sectors;
g) Social Enterprise Service Institution refers to an organization that provides 
assistance to SEs for them to become viable and sustainable and which 
assistance pertains to supplying needs such as trainings, education and 
other capacity-building measures, research and development, and other 
similar activities;


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h) Transactional Services refer to enterprise or market-driven activities, such 
as providing loans, demonstrating new technologies or conducting 
trainings that are necessary for the poor in the SE system to effectively 
and efficiently perform their roles as workers, suppliers, clients and 
owners. Transactional services may be fee-based, such as the granting of
loans, or non-fee based, such as the extension of production-related 
trainings;
i) 
Transformative Services refer to activities that empower the poor, such as 
leadership transformation and organizational development, asset build-up 
and providing education and experiential learning opportunities, to 
become conscious change agents for themselves, for their communities, 
sectors and society as a whole;
j) 
Value Chains refer to value-adding economic activities that an enterprise is 
interlinked with in the process of producing goods and/or services to serve 
its chosen market. A value chain typically consists: 1) raw materials 
processing; 2) inbound distribution or logistics; 3) manufacturing 
operations; 4) outbound distribution or logistics; 5) marketing and selling; 
and 6) after-sales service. These activities are supported by 1) purchasing 
or procurement; 2) research and development; 3) human resource 
development; and 4) organizational development. An SE that understands 
and manages its value chain improves its capability to create economic, 
environmental and social values towards improving the position and 
benefits of the poor in the value chain and towards ensuring the viability 
and sustainability of the enterprise.
Sec. 4. Formulation of a Poverty Reduction Through Social Entrepreneurship 
(PRESENT). - The PRESENT Program shall be established as a flagship program of 
the government. The objective of the PRESENT Program is to progressively improve 
the position and benefits derived by a big number of the poor, marginalized and 
basic sectors derived from economic subsector development and growth. It shall do 
this by identifying strategic economic subsectors with the potentiais for growth and 
where the poor are concentrated or could be major players. In the process, it shall 
identify and develop key SEs and resource institutions as partners in providing


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transactional and transformational services towards poverty reduction. SEs shall be
developed as vehicles to ensure that the poor benefit the most from sustainable 
subsector development.
The formulation of the PRESENT Program shall be guided by the following 
principles:
a) Promoting sustainable programs that support the development of inclusive 
value chains in key economic subsectors, towards reducing inequality in 
incomes and increase self-reliance among the poor;
b) Enabling SEs to overcome constraints and to take advantage of
opportunities for enhancing the position and benefits of the poor and their 
living environments;
c) Deveiopment of sustainable mechanisms for the provision of quality and 
accessible social services to the poor;
d) People's empowerment by ensuring the participation of the poor, basic 
and marginalized sectors;
e) Gender-sensitivity by ensuring women's equal rights and access to SE's 
resources;
f) Ecological soundness in the pursuit of sustainable and equitable 
development;
g) Incorporation of the PRESENT Program in the government's poverty 
reduction drive as a major sustainable and comprehensive strategy; and,
h) Rationalization of poverty reduction programs by streamlining and 
coordinating the various anti-poverty programs of the government to 
reduce inefficiency and duplication and to improve the effectiveness of 
each program.
The planning framework of the PRESENT Program and its planning process 
shail ensure that the poor are engaged as primary stakeholders. It shall add value 
and complement ecosystem-based, area-based, community-based and other tools 
and processes in local economic development by promoting and utilizing the
economic subsector as a strategic unit of analysis and pianning SE development 
interventions.


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present medium-term and annual development plans shall be formulated In 
synchrony with the medium-term development plan of the national government.
Sec. 5. National Enterprise Development Council. - The existing Micro, Small 
and Medium Enterprise Development (MSMED) Council, which is an attached agency 
of the Department of Trade and Industry (DTI), shall be strengthened and expanded 
to effectively spur the growth of development of the MSMEs and SEs throughout the 
country, and to carry out the policy declared under this Act. It shall now be known 
as the National Enterprise Development Council, herein referred to as the Council.
In addition to the existing functions of the Council as provided under Republic 
Act NO. 9501, "The Magna Carta for Micro, Small and Medium Enterprises " as 
amended, the Council shall serve as the primary agency tasked to carry out the 
promotion, growth and development of social enterprises in the country. To ensure 
that the Council is able to fulfill its additional mandate, there shall be an SE 
Committee under the Council that shall perform the following specific duties:
a) Promote social enterprise as a key strategy for reducing poverty and enabling 
inclusive growth;
b) Provide oversight for the implementation of the PRESENT Program and 
activities of the Center for Social Enterprise Development (CSED);
c) Establish policies, plans, programs and projects to develop and promote SE as
a tool for poverty reduction as part of a comprehensive Social Enterprise
Development Plan fully integrated and consistent with national development 
objectives and plans;
d) Monitor and evaluate the performance of programs and projects of CSED for 
appropriate incentives;
e) Submit annual and other periodic reports to the President and the Congress 
of the Philippines;
f) Promulgate such rules and regulations and exercise such other power and 
functions as may be necessary to carry out the purposes of this Act; and,
g) Perform such other functions as may be necessary for its effective operations 
and the continued enhancement, growth and development of the SE sector.


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The SE Committee shall be composed of the relevant council members and 
representatives from the SE sector and SE service institutions as determined by the 
Council to realize these powers and functions.
Sec. 6. Center for Social Enterprise Development - There shall be 
established a Center for Social Enterprise Development (CSED) under the supervision 
of the Council and to be headed by an Executive Director, which shall have the 
primary responsibility of implementing comprehensive policies for Social Enterprise 
Development. Specifically, the CSED shall be responsible for;
a) The development and implementation of the PRESENT Program as 
approved by the Council, with the following components:
1. Formulation and Implementation of Social Entrepreneurship - 
oriented strategic economic sub-sector development plans that shall 
serve as the basis for major policies, projects and activities.
2. Capacity Building and Sustainability - The CSED will work with 
qualified Social Enterprise Service Institutions and other 
intermediaries to design and deiiver training and education in social 
entrepreneurship deveiopment, institutional start-up or 
strengthening, human resource competency and skills training, 
business planning and advisory services, upgrading of accounting 
and auditing systems, technicai assistance for the instailation or 
improvement of management information systems, technoiogy 
intervention, technology incubation / commercialization, market 
studies, and product development competitiveness, business 
matching activities, trade fairs and missions, poiicy advocacy, 
disaster-resiiiency and other related activities.
3. Research and Development - The CSED in coordination with the 
NEDA, Department of Science and Technology (DOST), DTI, and 
other appropriate agencies, research 
institutions, 
and
intermediaries, shall develop and enhance a research and 
development system that:
i. provide studies on opportunities for poverty reduction and 
SE development in key economic subsectors and other inputs


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for the Council to undertake strategic planning for programs 
and projects;
ii. equip SEs and support institutions with services and 
technologies that are appropriate for enhancing the 
participation and benefits of the poor in various economic 
subsectors; and,
iii. equip SEs and support institutions with innovative and 
sustainable approaches to improve access of the poor to 
quality basic social services.
4. Information and Marketing Assistance - The CSED shall promote 
the development and expansion of local and foreign markets for the 
products and services of SEs. Towards this, the CSED shall:
i. establish a marketing assistance program that will assist SEs 
match supply with demand in both domestic and foreign 
markets, as well as promote SE products and services 
through tri-media, trade fairs and trade mission; and, 
ii. develop, install and sustain a market information system for 
SEs with the assistance of the DTI and Department of 
Transportation (DOTr). All government departments, 
agencies, bureaus, research institutions, as well as the LCDs 
shall consolidate and continuously update all relevant 
information and data that would be of use to SEs on a 
periodic basis and make such data available in a dedicated 
website.
b) Establishment and implementation of criteria and process for the 
qualification of SEs that shall be eligible for support and other incentives 
as provided by this Act and as approved by the Council;
c) Identification of sources for financing for the SE sector not limited to
grants, loans and equity financing for enterprise incubation, start-up and 
expansion;


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d) Management of multi-stakeholder convergence programs and activities
among government agencies and private organizations in support of the 
PRESENT Program;
e) Coordination with the concerned government agencies and LGUs in the 
development and implementation of the PRESENT Program and projects. 
Other government agencies and LGUs shall be encouraged to work with 
SEs in the furtherance of the PRESENT Program; and,
f) Coordination with social enterprise stakeholders, including people's 
organizations, non-government organizations, and multi-sectoral and 
multi-disciplinary pool of experts from the academe, practicing 
professionals, business, industry, youth, women and other concerned
sectors to provide advice and technical assistance on matters pertaining to 
SEs.
Sec. 7. Social Enterprise Development Fund. - There shall be included in the 
budget of the DTI under the annual General Appropriations Act an initial amount of 
Five Hundred Million Pesos (P500,000,000.00) for the establishment of a Social 
Enterprise Development Fund (SEDF) to support the capacity building and 
sustainability component of the PRESENT Program.
After the first year of implementation, such sums as may be necessary to
fund the SEDF shall be included in the budget of the DTI under the annual General 
Appropriations Act.
Plans for the utilization of the SEDF shall be developed by the CSED for 
approval by the Council.
Sec. 8. Special Credit Windows. - The Land Bank of the Philippines, 
Development Bank of the Philippines and other government financial institutions 
shall establish special credit windows that shall provide SEs with risk-based, non- 
collateralized loans for the following purposes:
a) Credit line for business development loan or working capital loan to cover 
the operations and management expenses of an existing business or 
income generating project, including receivable financing or purchase of 
additional inventory, soft or intangible investments such as trade fair


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participation or acquisition of software or franchise development 
packages;
b) Fixed assets financing to cover acquisition of fixed assets iike machineries 
and equipment, motor vehicle, or acquisition of lot for project site or 
construction of a plant and building and the improvement thereof;
c) Value chain financing to cover any of the value chain activities such as 
production, processing and marketing;
d) Domestic ietter of credit or trust receipt to provide a stand-by credit 
facility for the SE borrower for the purchase of product inputs, equipment, 
machinery, implements and spare parts, whereby payment of which is 
guaranteed and to be made to the seller by the lending institution,
provided ali documents conform with the terms and conditions of the 
credit; and,
e) Revolving credit line for re-lending to finance the livelihood project 
requirements of end-borrowers.
Sec. 9. Social Enterprise Guarantee and Surety Fund. — There shall be 
established a Social Enterprise Guarantee and Surety Fund (SEGSF) which shall be 
funded from equity contributions of government financial institutions. The SEGSF 
shall be administered by the Philippine Guarantee Corporation (Philguarantee) to 
enable SEs to access non-collateralized and other appropriate financing while 
mitigating the risks involved in SE sector lending. The SEGSF shall be used to 
provide guarantee cover to participating financial institutions and other parties in 
extending financing to SEs: Provided, That the fund may also be used to cover the 
performance bond of SEs for their transactions.
Sec. 10. Compliance to Mandatory Allocation of Credit Resources. - Loans 
granted by financial institutions to Social Enterprises shall be computed by the 
Bangko Sentral ng Pilipinas as twice the loan amount for purposes of determining 
financial institutions' compliance to the mandatory ailocation of credit resources to 
micro, snail and medium enterprises under Repubiic Act No. 9501, otherwise known 
as The Magna Carta for Micro, Small and Medium Enterprises."
Sec. 11. Movable Collateral Registry. - The Land Registration Administration 
(LRA), through the Registry of Deeds, shali set-up and establish within two (2) years
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from the effectivity of this Act a comprehensive, centralized, internet-based 
electronic Movable Collateral Registry to encourage financial institutions such as 
banks, credit cooperatives, and microfinance institutions to accept a broad range of 
assets, in lieu of land and real property, as collateral to secure loans granted to 
micro, small and medium enterprises, particularly social enterprises. The 
collateralized assets may be in the form of sales invoice, receivables, purchase 
orders, contracts, equipment, machinery, quedan, inventory, raw materials, patents, 
and such other assets of similar nature.
The Movable Collateral Registry, which shall replace the existing chattel 
mortgage registry, should be simple, accurate, transparent and easily accessible. A 
uniform nominal flat fee shall be charged for registration to cover the cost of 
operation and maintenance of the Registry and shall, in no way, be based on the 
amount of the loan, asset or transaction. For purposes of registering a movable 
collateral, documents covering the transaction shall not be required but only specific 
details of the offered collateral and such other information as may be determined by 
the LRA will suffice for purposes of registering a movable collateral.
The Department of Justice (DOJ) and the LRA shall ensure that the security 
interests of lenders over the movable collateral shall be protected, and shall 
establish an efficient and timely system for the enforcement of such rights.
Sec. 12. Public Procurement for Soda! Enterprise. - The Government 
Procurement Policy Board (GPPB) shall facilitate the full participation of social 
enterprises in public procurement processes. In support of this provision the 
Department of Budget and Management (DBM) shall direct key agencies of 
government to allocate at least Ten percent (10%) of their annua budgets 
specifically for projects to be procured from social enterprises.
Sec. 13. Insurance for Social Enterprises. — The Insurance Commission shall 
issue the necessary rules and regulations, and implement measures to ensure that 
the insurance industry shall provide insurance products, both life and non-life, for 
social enterprises and their stakeholders among the poor. Furthermore, social 
enterprises shall be eligible to be licensed agents or delivery channels for their 
clients and constituents.
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Sec. 14. Eligibility for Benefits and Incentives. - In the case of social 
enterprises organized as stock corporations, partnerships or sole proprietorships, the
following requirements shall apply to become eligible for benefits and incentives 
provided by this Act:
a) A social enterprise must not be organized as a branch, subsidiary or 
division of a private business enterprise, regardless of the size of such 
private business enterprise, nor may its policies be determined by a 
private business enterprise: Provided, That this shall not preclude an SE 
from accepting subcontracts from large private business enterprises or 
forms, or from joining in cooperative or joint venture activities with other 
SEs or foundations practicing Corporate Social Responsibility (CSR).
b) At least sixty percent (60%) of a social enterprise's total expenditures 
must directly accrue to the fulfillment of its social mission or to provide 
transformational services to the poor.
Sec. 15. Social Entrepreneurship Education in Schools. - Toward strategically 
developing the nation's human resource capability in social entrepreneurship, the 
Department of Education (DepEd) and the Commission on Higher Education (CHED) 
shall cause the integration of SE content and inclusion of SE courses in the curricula 
at all levels, especially in the secondary and tertiary levels. A continuing social 
entrepreneurship education program for out-of-school youth and adults shall likewise 
be developed and undertaken.
Sec. 16. Social Enterprise Week. - In order to institute continuing awareness 
on the importance of SEs as a viable government strategy in pursuing poverty 
alleviation, the week of the month when this Act shall have been signed into law 
shall be declared as the "Social Enterprise Week" and shall be celebrated annually.
The Council shall, through the CSED, be responsible in organizing activities for the 
event.
Sec. 17. Appropriations. - The Council shall allocate the initial amount of 
Fifty million pesos (P50,000,000.00) from the existing MSMED Council Fund to 
support the operations and programs of the CSED. Thereafter, such sums as may 
be necessary for the continued implementation of this Act shall be included in the 
budget of the DTI under the Annual General Appropriations Act.
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The budgetary requirements of the cooperating agencies shall be 
incorporated in their respective budgets. The CSED may raise funds from other 
sources for specific projects as may be authorized by law.
Sec. 18. Implementing Rules and Regulations. - Within ninety (90) days from 
the effectivity of this Act, the Secretary of Trade and Industry shall, in consultation 
and coordination with the concerned government agencies, promulgate the 
necessary rules and regulations for the effective implementation of this Act.
Sec. 19. Separability Clause. - If any provision or part hereof is held invalid 
or unconstitutional, the remainder of the law or the provision or part not otherwise 
affected shall remain valid and subsisting.
Sec. 20. Repealing Clause. - Any law, presidential decree or issuance, 
executive order, letter of instruction, administrative order, rule, or regulation 
contrary to or inconsistent with the provisions of this Act are hereby repealed, 
modified, or amended accordingly.
Sec. 21. Effectivity. — This Act shall take effect fifteen (15) days after its 
publication in the Official Gazette ov in a newspaper of general circulation.
Approved,
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