USAID Partners With FSSI For Social Enterprise Development
Under the Protect Wildlife project, USAID signed a Memorandum of Understanding with Foundation for a Sustainable Society, Inc. (FSSI) for implementing social enterprise activities and involving beneficiaries as active partners in conservation. By providing financing and capacity building to selected social enterprises, the partnership envisions increased productivity in project sites and reduced threats to biodiversity and wildlife.
FSSI will leverage its loan portfolio to give access to financial services and grants and provide business development support to conservation-linked social enterprises where the triple bottom line of economic, environmental and social development gains are integrated and can be met. USAID Protect Wildlife will provide technical and capacity-building support to beneficiaries, particularly in developing a responsive and action-oriented training program for social entrepreneurship.
Since 1995, FSSI has been fostering sustainable growth in communities across the Philippines by establishing and strengthening social enterprises and creating a conduce environment for social entrepreneurship in the country. FSSI seeks to apply innovative solutions for biodiversity conservation and environmental protection with projects that support forest conservation, coastal resource management and organic production.
(Article written by USAID for USAID Manila Environment Office Weekly Update, August 24, 2018)