An Act Institutionalizing the Poverty Reduction Through Social Entrepreneurship (Present) Program and Promoting Social Enterprises with the Poor as Primary Stakeholders
The bill creates a national program (PRESENT) that will coordinate government support for social enterprises that put poor people at the center of their operations. It sets up a new council, a development center, a fund of ₱500 million, special loan windows, a guarantee fund, and a movable‑collateral registry to help these enterprises get financing, training, market access, and public‑procurement opportunities.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-468. Status changes over time; check the link for the latest.
SBN-468 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.