NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
SENATE
S. No. 1441
Senate
■v Brf.>;-/(©ffirr o( tlic i:>c'tiTtnrj>
*22 NOV-2 P2:05
RECEIVED BY;
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 already 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 social 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."


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.
This measure was submitted by the Committees on Trade, Commerce and 
Entrepreneurship; Social Justice, Welfare and Rural Development; Ways and Means; 
and Finance in the 16th Congress and was subsequently refiled by various legislators 
but still has not prospered into law.
In the hope of enacting the PRESENT Act into law at the soonest possible 
time, this bill is highly recommended.
JINGQOY EJERCITO ESTRADA


NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
SENATE
S. No. 1441
fep Senate
•22 NOV-2 P2:05
RECEIVED B\':
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
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assem bled:
1 
Section 1. Short Tide. - This Act shall be known as the "Poverty Reduction
2 
Through Social Entrepreneurship (PRESENT) Act.
3 
Sec. 2. Declaration of Policy. — The State shall promote a just and dynamic
4 
social order that will ensure the prosperity and independence of the national and
5 
free the people from poverty through policies that provide adequate social services,
6 
promote full employment, a rising standard of living, and an improved quality of life
7 
for all. The State shall provide social justice in all phases of national development
8 
and that the State values the dignity of every human person and guarantees full
9 
respect for human rights.
10 
The goals of the national economy are a more equitable distribution of
11 
opportunities, income, and wealth; a sustained increase in the amount of goods and
12 
services produced by the nation for the benefit of the people; and an expanding
13 
productivity as the key to raising the quality of life for all, especially the
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underprivileged. The State shall promote industrialization and full employment
15 
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
2 
competitive in both domestic and foreign markets.
3 
The State also recognizes the important role of enterprises in the economy as
4 
the major agent of development, creating off-farm employment opportunities and
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providing transitional means of improving the livelihood of the people.
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Towards this end, the State shall pursue an inclusive growth strategy that
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promotes an environment conducive to the development and growth of a vibrant
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social enterprise sector engaged in poverty reduction, economic and social
9 
development. It shall empower the poor as primary stakeholders in social
10 
enterprises, establish mechanism essential to realizing their potential and achieving
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their fuli growth, and extend the assistance necessary for their advancement. The
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State shall likewise provide technical and financial assistance, incentives and other
13 
services to enable Social Enterprises to develop into viable and vital anti-poverty
14 
agents, and a strong social entrepreneurship movement that will be instrumental in
15 
reducing poverty in the country.
16 
Sec. 3. Definition of Terms.-
17 
a) A Social Enterprise or 55shall refer to a social mission-driven organization
18 
that conducts economic activities providing goods and services directly
19 
related to their primary mission of improving the well-being of the poor,
20 
basic and marginalized sectors and their living environment. A social
21 
enterprise explicitly declares and pursues poverty reduction as its principal
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objective by purposefully rendering both transactional and
23 
transformational services. An SE engages and invests in the poor to
24 
become effective workers, suppliers, clients and/or owners and ensures
25 
that a substantive part of the wealth created by the enterprise is
26 
distributed to or benefits them. In addition to reinvesting its surplus or
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profits back to the enterprise to sustain the fulfillment of its social mission,
28 
an SE also uses its surplus or profits and mobilizes other resources to
29 
assist the poor to become partners in SE or value chain management and
30 
governance and to become partners in community, sectoral and societal
31 
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 (LCDs) 
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) Marginaiized 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 Deveiopment 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) Sociai 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
2 
as providing loans, demonstrating new technologies or conducting
3 
trainings that are necessary for the poor in the SE system to effectively
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and efficiently perform their roles as workers, suppliers, clients and
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owners. Transactional services may be fee-based, such as the granting of
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loans, or non-fee based, such as the extension of production-related
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trainings;
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i) Transformative Services refer to activities that empower the poor, such as
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leadership transformation and organizational development, asset build-up
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and providing 
education and experiential learning 
opportunities, to
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become conscious change agents for themselves, for their communities,
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sectors and society as a whole;
13 
j) Value Chains refer to value-adding economic activities that an enterprise is
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interlinked with in the process of producing goods and/or services to serve
15 
its chosen market. A value chain typically consists: 1) raw materials
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processing; 2) inbound distribution or 
logistics; 3) manufacturing
17 
operations; 4) outbound distribution or logistics; 5) marketing and selling;
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and 6) after-sales service. These activities are supported by 1) purchasing
19 
or procurement; 2) research and development; 3) human resource
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development; and 4) organizational development. An SE that understands
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and manages its value chain improves its capability to create economic,
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environmental 
and social values towards improving the position and
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benefits of the poor in the value chain and towards ensuring the viability
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and sustainability of the enterprise.
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Sec. 4. Formulation of a Poverty Reduction Through Social Entrepreneurship
26 
(PRESENT). - The PRESENT Program shall be established as a flagship program of
27 
the government. The objective of the PRESENT Program is to progressively improve
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the position and benefits derived by a big number of the poor, marginalized and
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basic sectors derived from economic subsector development and growth. It shall do
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this by identifying strategic economic subsectors with the potentials for growth and
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where the poor are concentrated or could be major players. In the process, it shall
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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
2 
developed as vehicles to ensure that the poor benefit the most from sustainable
3 
subsector development.
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The formulation of the PRESENT Program shall be guided by the following
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principles:
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a) Promoting sustainable programs that support the development of inclusive
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value chains in key economic subsectors, towards reducing inequality in
8 
incomes and increase self-reliance among the poor;
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b) Enabling SEs to overcome constraints and to take advantage of
10 
opportunities for enhancing the position and benefits of the poor and their
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living environments;
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c) Development of sustainable mechanisms for the provision of quality and
13 
accessible social services to the poor;
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d) People's empowerment by ensuring the participation of the poor, basic
15 
and marginalized sectors;
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e) Gender-sensitivity by ensuring women's equal rights and access to SE's
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resources;
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f) Ecological soundness in the pursuit of sustainable and equitable
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development;
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g) Incorporation of the PRESENT Program in the government's poverty
21 
reduction drive as a major sustainable and comprehensive strategy; and,
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h) Rationalization of poverty reduction programs by streamlining and
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coordinating the various anti-poverty programs of the government to
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reduce inefficiency and duplication and to improve the effectiveness of
25 
each program.
26 
The planning framework of the PRESENT Program and its planning process
27 
shall ensure that the poor are engaged as primary stakeholders. It shall add value
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and complement ecosystem-based, area-based, community-based and other tools
29 
and processes in local economic development by promoting and utilizing the
30 
economic subsector as a strategic unit of analysis and planning SE development
31 
interventions.


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PRESENT medium-term and annual development plans shall be formulated in
2 
synchrony with the medium-term development plan of the national government.
3 
Sec. 5. National Enterprise Development Council. — The existing Micro, Small
4 
and Medium Enterprise Development (MSMED) Council, which is an attached agency
5 
of the Department of Trade and Industry (DTI), shall be strengthened and expanded
6 
to effectively spur the growth of development of the MSMEs and SEs throughout the
7 
country, and to carry out the policy declared under this Act. It shall now be known
8 
as the National Enterprise Development Council, herein referred to as the Council.
9 
In addition to the existing functions of the Council as provided under Republic
10 
Act No. 9501, "The Magna Carta for Micro, Small and Medium Enterprises," as
11 
amended, the Council shall serve as the primary agency tasked to carry out the
12 
promotion, growth and development of social enterprises in the country. To ensure
13 
that the Council is able to fulfill its additional mandate, there shall be an SE
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Committee under the Council that shall perform the following specific duties:
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a) Promote social enterprise as a key strategy for reducing poverty and enabling
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inclusive growth;
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b) Provide oversight for the implementation of the PRESENT Program and
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activities of the Center for Social Enterprise Development (CSED);
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c) Establish policies, plans, programs and projects to develop and promote SE as
20 
a tool for poverty reduction as part of a comprehensive Social Enterprise
21 
Development Plan fully integrated and consistent with national development
22 
objectives and plans;
23 
d) Monitor and evaluate the performance of programs and projects of CSED for
24 
appropriate incentives;
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e) Submit annual and other periodic reports to the President and the Congress
26 
of the Philippines;
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f) Promulgate such rules and regulations and exercise such other power and
28 
functions as may be necessary to carry out the purposes of this Act; and,
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g) Perform such other functions as may be necessary for its effective operations
30 
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
2 
representatives from the SE sector and SE service institutions as determined by the
3 
Council to realize these powers and functions.
4 
Sec. 6. Center for Social Enterprise Development - There shall be
5 
established a Center for Social Enterprise Development (CSED) under the supervision
6 
of the Council and to be headed by an Executive Director, which shall have the
7 
primary responsibility of implementing comprehensive policies for Social Enterprise
8 
Development. Specifically, the CSED shall be responsible for:
9 
a) The development and implementation of the PRESENT Program as
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approved by the Council, with the following components:
11 
1. Formulation and Implementation of Social Entrepreneurship -
12 
oriented strategic economic sub-sector development plans that shall
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serve as the basis for major policies, projects and activities.
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2. Capacity Building and Sustainability - The CSED will work with
15 
qualified Social Enterprise Service Institutions and other
16 
intermediaries to design and deliver training and education in social
17 
entrepreneurship development, institutional start-up or
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strengthening, human resource competency and skills training,
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business planning and advisory services, upgrading of accounting
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and auditing systems, technical assistance for the installation or
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improvement of management information systems, technology
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intervention, technology incubation / commercialization, market
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studies, and product development competitiveness, business
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matching activities, trade fairs and missions, policy advocacy,
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disaster-resiliency and other related activities.
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3. Research and Development - The CSED in coordination with the
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NEDA, Department of Science and Technology (DOST), DTI, and
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other appropriate agencies, research institutions, and
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intermediaries, shall develop and enhance a research and
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development system that:
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I. provide studies on opportunities for poverty reduction and
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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 LGUs 
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
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among government agencies and private organizations in support of the
3 
PRESENT Program;
4 
e) Coordination with the concerned government agencies and LCDs in the
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development and implementation of the PRESENT Program and projects.
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Other government agencies and LGUs shall be encouraged to work with
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SEs in the furtherance of the PRESENT Program; and,
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f) Coordination with social enterprise stakeholders, including people's
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organizations, non-government organizations, and multi-sectoral and
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multi-disciplinary pool of 
experts from the academe, practicing
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professionals, business, industry, youth, women and other concerned
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sectors to provide advice and technical assistance on matters pertaining to
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SEs.
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Sec. 7. Social Enterprise Development Fund. - There shall be included in the
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budget of the DTI under the annual General Appropriations Act an initial amount of
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Five Hundred Million Pesos (P500,000,000.00) for the establishment of a Social
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Enterprise Development Fund (SEDF) to support the capacity building and
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sustainability component of the PRESENT Program.
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After the first year of implementation, such sums as may be necessary to
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fund the SEDF shall be included in the budget of the DTI under the annual General
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Appropriations Act.
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Plans for the utilization of the SEDF shall be developed by the CSED for
23 
approval by the Council.
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Sec. 8. Special Credit Windows. - The Land Bank of the Philippines,
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Development Bank of the Philippines and other government financial institutions
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shall establish special credit windows that shall provide SEs with risk-based, non-
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collateralized loans for the following purposes:
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a) Credit line for business development loan or working capital loan to cover
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the operations and management expenses of an existing business or
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income generating project, including receivable financing or purchase of
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additional inventory, soft or intangible investments such as trade fair


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participation or acquisition of software or franchise development
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packages;
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b) Fixed assets financing to cover acquisition of fixed assets like machineries
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and equipment, motor vehicle, or acquisition of lot for project site or
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construction of a plant and building and the improvement thereof;
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c) Value chain financing to cover any of the value chain activities such as
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production, processing and marketing;
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d) Domestic letter of credit or trust receipt to provide a stand-by credit
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facility for the SE borrower for the purchase of product inputs, equipment,
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machinery, implements and spare parts, whereby payment of which is
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guaranteed and to be made to the seller by the lending institution,
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provided all documents conform with the terms and conditions of the
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credit; and,
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e) Revolving credit line for re-lending to finance the livelihood project
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requirements of end-borrowers.
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Sec. 9. Social Enterprise Guarantee and Surety Fund. — There shall be
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established a Social Enterprise Guarantee and Surety Fund (SEGSF) which shall be
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funded from equity contributions of government financial institutions. The SEGSF
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shall be administered by the Philippine Guarantee Corporation (Philguarantee) to
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enable SEs to access non-collateralized and other appropriate financing while
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mitigating the risks involved in SE sector lending. The SEGSF shall be used to
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provide guarantee cover to participating financial institutions and other parties in
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extending financing to SEs: Provided, That the fund may also be used to cover the
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performance bond of SEs for their transactions.
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Sec. 10. Compliance to Mandatory Allocation of Credit Resources. - Loans
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granted by financial institutions to Social Enterprises shall be computed by the
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Bangko Sentral ng Pilipinas as twice the loan amount for purposes of determining
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financial institutions' compliance to the mandatory allocation of credit resources to
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micro, snail and medium enterprises under Republic Act No. 9501, otherwise known
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as "The Magna Carta for Micro, Small and Medium Enterprises."
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Sec. 11. Movable Collateral Registry. - The Land Registration Administration
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(LRA), through the Registry of Deeds, shall set-up and establish within two (2) years
10


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from the effectivity of this Act a comprehensive, centralized, internet-based
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electronic Movable Collateral Registry to encourage financial institutions such as
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banks, credit cooperatives, and microfinance institutions to accept a broad range of
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assets, in lieu of land and real property, as collateral to secure loans granted to
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micro, small and medium enterprises, particularly social enterprises. The
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collateralized assets may be in the form of sales invoice, receivables, purchase
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orders, contracts, equipment, machinery, quedan, inventory, raw materials, patents,
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and such other assets of similar nature.
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The Movable Collateral Registry, which shall replace the existing chattel
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mortgage registry, should be simple, accurate, transparent and easily accessible. A
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uniform nominal flat fee shall be charged for registration to cover the cost of
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operation and maintenance of the Registry and shall, in no way, be based on the
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amount of the loan, asset or transaction. For purposes of registering a movable
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collateral, documents covering the transaction shall not be required but only specific
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details of the offered collateral and such other information as may be determined by
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the LRA will suffice for purposes of registering a movable collateral.
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The Department of Justice (DOJ) and the LRA shali ensure that the security
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interests of lenders over the movable collateral shall be protected, and shall
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establish an efficient and timely system for the enforcement of such rights.
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Sec. 12. Public Procurement for Social Enterprise. - The Government
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Procurement Policy Board (GPPB) shall facilitate the full participation of social
22 
enterprises in pubiic procurement processes. In support of this provision the
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Department of Budget and Management (DBM) shall direct key agencies of
24 
government to allocate at least Ten percent (10%) of their annua budgets
25 
specifically for projects to be procured from social enterprises.
26 
Sec. 13. Insurance for Soda! Enterprises. - The Insurance Commission shall
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issue the necessary rules and regulations, and implement measures to ensure that
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the insurance industry shail provide insurance products, both life and non-life, for
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social enterprises and their stakeholders among the poor. Furthermore, social
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enterprises shall be eligible to be licensed agents or delivery channels for their
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clients and constituents.
11


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Sec. 14. Eligibility for Benefits and Incentives. - In the case of social
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enterprises organized as stock corporations, partnerships or sole proprietorships, the
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following requirements shall apply to become eligible for benefits and incentives
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provided by this Act:
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a) A social enterprise must not be organized as a branch, subsidiary or
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division of a private business enterprise, regardless of the size of such
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private business enterprise, nor may its policies be determined by a
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private business enterprise: Provided, That this shall not preclude an SE
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from accepting subcontracts from large private business enterprises or
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forms, or from joining in cooperative or joint venture activities with other
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SEs or foundations practicing Corporate Social Responsibility (CSR).
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b) At least sixty percent (60%) of a social enterprise's total expenditures
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must directly accrue to the fulfillment of its social mission or to provide
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transformational services to the poor.
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Sec. 15. Social Entrepreneurship Education in Schools. - Toward strategically
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developing the nation's human resource capability in social entrepreneurship, the
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Department of Education (DepEd) and the Commission on Higher Education (CHED)
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shall cause the integration of SE content and inclusion of SE courses in the curricula
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at all levels, especially in the secondary and tertiary ievels. A continuing social
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entrepreneurship education program for out-of-school youth and adults shall likewise
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be developed and undertaken.
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Sec. 16. Social Enterprise Week. - In order to institute continuing awareness
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on the importance of SEs as a viable government strategy in pursuing poverty
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alleviation, the week of the month when this Act shall have been signed into law
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shall be declared as the "Social Enterprise Week" and shall be celebrated annually.
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The Council shall, through the CSED, be responsible in organizing activities for the
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event.
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Sec. 17. Appropriations. - The Council shall allocate the initial amount of
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Fifty million pesos (P50,000,000.00) from the existing MSMED Council Fund to
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support the operations and programs of the CSED. Thereafter, such sums as may
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be necessary for the continued implementation of this Act shall be included in the
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budget of the DTI under the Annual General Appropriations Act.
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The budgetary requirements of the cooperating agencies shall be
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incorporated in their respective budgets. The CSED may raise funds from other
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sources for specific projects as may be authorized by law.
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Sec. 18. Implementing Rules and Regulations. — Within ninety (90) days from
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the effectivity of this Act, the Secretary of Trade and Industry shall, in consultation
6 
and coordination with the concerned government agencies, promulgate the
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necessary rules and regulations for the effective implementation of this Act.
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Sec. 19. Separability Clause. - If any provision or part hereof is held invalid
9 
or unconstitutional, the remainder of the law or the provision or part not otherwise
10 
affected shall remain valid and subsisting.
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Sec. 20. Repealing Clause. - Any law, presidential decree or issuance,
12 
executive order, letter of instruction, administrative order, rule, or regulation
13 
contrary to or inconsistent with the provisions of this Act are hereby repealed,
14 
modified, or amended accordingly.
15 
Sec. 21. Effectivity. - This Act shall take effect fifteen (15) days after its
16 
publication in the OfTicial Gazette or in a newspaper of general circulation.
Approved,
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