If there is one thing that social entrepreneurs (SEs) need aside from big, exciting, and noble ideas, it’s getting the right funding.
To help social entrepreneurs get the right funding from investors, BPI Sinag, the flagship program of BPI Foundation, invited Ms. Priya Thachadi, chief executive officer of Villgro Philippines—a social enterprise incubator that funds, mentors, and supports social entrepreneurs—to share some tips about becoming investment-ready.
“Investors want impact and return on investment. Social entrepreneurs have to show that they have serious impacts on their communities and beneficiaries, while demonstrating their ability to return investors’ money,” said Ms. Thachadi.
She listed five crucial “Ms”:
Social entrepreneurs must be able to articulate their business and revenue model clearly. This is what investors look for in a social enterprise.
Ms. Thachadi reminded social entrepreneurs to carefully vet their investors, too. It is, after all, a long-term relationship.
“Even if you are taking a loan or equity investment, I believe it is important to understand who you’re taking money from. What is their intention? What is their background? Do they believe in your vision? And what do they bring to the table other than money?” she said.