Social Entrepreneurship Essay Example | Topics and Well Written Essays - 250 words - 3

Social Entrepreneurship - Essay Example ddle financial institutions has not been experienced making the social enterprises to result to crowdfunding as the major source of revenue (Othmar, 2012). To assist the social enterprises to generate more revenue and improve the UK social sectors, the Social Finance pays the social organizations such as Peterborough prisons that reduce the number of reconvictions by 7.5 per cent. To mitigate financial problems, crowdfunding has been adopted as one of the avenues of raising capital, debt and equity finance as well as seeking for donations. Crowdfunding entails motivating a large number of audiences for example via the social sites to contribute towards the financial kit of the social enterprises. Additionally, entrepreneurs are now focused at other sources of funds including leasing companies that provide office equipments especially when there is stability in the cash flows (Weerawardena and Mort, 2006). In the same way, government agencies have also been involved to provide subsidies, credits and grants. These are significant especially for the projects that can be managed sustainably. For the small entrepreneurial initiatives, bootstrapping has been the major source of income. The additional sources of revenue for instance crowdfunding can work especially based on the increased use of social sites such as face book and twitter. Since the public, banks and the government are aimed at creating a strong linkage, Ridley-Duff (2009) argues that the solutions to financial issues that social enterprises are facing will be effective. Othmar, M.2012. Literature Review and Research Agenda for Crowdfunding of Social Ventures. Research colloquium on social entrepreneurship. University of Oxford, Skoll Center of SAID Business School, 1,