Collective actions based on cooperation, fraternity and solidarity are a way
forward. In other words, a community-based Solidarity-Economy.
This is achieved through financial intervention and social investing to boost the
capital accumulation of small entrepreneurs.
When small farmers and fishers are successful, the extra generated cash can help
transform moribund rural areas into vibrant rural economies. This, in turn, leads to
growth and higher employment in non-farm and fisheries businesses such as services,
agro-processing and small-scale manufacturing.
Socio Economic Development Fund’s (SEDF) vision is to create self-sufficient,
resilient and vibrant local communities driven by existing and new small
entrepreneurs that will transform the culturally sensitive communities to peacefully
coexist in equality, mutual respect, prosperity and in harmony with the environment.
Communities cannot be self-sufficient on their own, but SEDF strongly believes that
communities can retain the sustainability to reproduce, to add value add and to
sustain the capital flow and wealth creation to cause a multiplier effect.
SEDF recognizes that poverty is a multi-dimensional phenomenon. Generally, poverty
is defined as a single-dimensional measure – usually based on income. SEDF embraces
local community-based organizations to address a diverse range of impediments in
overcoming poverty.