Filipino social enterprise a finalist in “Project Inspire: 5 Minutes to Change the World”

Image from the Hapinoy website

HAPINOY, a Filipino social enterprise working to empower “nanays” (mothers) through sari-sari store-based micro-enterprise and micro-finance programs, is a finalist in Project Inspire: 5 Minutes to Change the World, a joint initiative of UN Women Singapore and Mastercard.

The project is a global search for projects that “help empower disadvantaged women and girls, through education, skills training, financial inclusion, social entrepreneurship.” At stake is a US$25,000 grant “to go out there and bring your vision to life.”

Established in 2007 by MicroVentures Incorporated, Hapinoy extends credit and capital infusion for nanays to set up their own Hapinoy Stores and learn to operate and grow their businesses through Hapinoy’s proprietary system. By aggregating stores and using a franchise-like system, Hapinoy is able to assure its beneficiaries of access to lower-priced goods, training, and a support system that the nanays will not otherwise get on their own.

Run by a young and dynamic team of social entrepreneurs led by Bam Aquino and Mark Ruiz, Hapinoy and its founders have been the recipient of several awards, including the first-ever MVP Bossing Awards by PLDT, the Go Negosyo Inspiring Young Filipino Entrepreneurs Award, the Asia 21 Young Leaders Summit, and several others.

Part of their Project Inspire application was a five-minute video pitching their cause (see below), which, as a finalist of the global search, will be put through a public vote and a panel screening. Voting closes on August 19, 2011 and, unlike other voting contests that allow multiple voting (such as for CNN Hero of the Year), only one vote per user is allowed.

Hapinoy – Project Inspire entry

If you would like to put another Filipino social enterprise on the global map, click this page and cast your vote HERE.