MANILA, Philippines - One of the most prestigious business awards of the year went to social entrepreneur Jaime or "Jim" Ayala, who believes his company shouldn't be driven by profit.
"We are profitable. Because if we're not profitable we can't continue our work. But we look at profit as gas in the tank that allows us to go further and faster but it's not our mission," Ayala, the founder and CEO of Hybrid Social Solutions Inc, told Rappler.
He received the Ernst & Young's Entrepreneur of the Year Philippines 2012 at a grand award banquet at the Makati Shangri-La Hotel on Friday, October 19.
Ayala's company is a social enterprise that focuses on fueling development in rural communities by providing access to basic goods and services, often in the form of innovative products, like a solar-powered lantern.
His company delivered solar lamps to remote communities under the Hike for Light, Sail for Light and Bike for Light campaign.
Watch the video below to take a look at the innovative program