Logo of Phnom Penh Post newspaper Phnom Penh Post - CamWen set to amplify voice of Kingdom’s women entrepreneurs

CamWen set to amplify voice of Kingdom’s women entrepreneurs

CamWen set to amplify voice of Kingdom’s women entrepreneurs

The Ministry of Women’s Affairs invites all federations, associations and communities of women entrepreneur-driven micro-, small- and medium-sized enterprises (MSMEs) in Cambodia to join its planned Cambodian Women Entrepreneurs’ Network (CamWen) initiative, the ministry said.

CamWen, which is scheduled to be established at the end of the year, aims to become a collective female voice representing Cambodia in the business sector, it said in a press release.

To join, it said, federations and association must have at least 25 female members, while communities and businesses must have at least 50.

The Chhun Hak, the director-general of the ministry’s General Directorate of Gender Equality and Economic Development, told The Post on Monday that the ministry plans for CamWen to represent Cambodia in business and promote the development of women entrepreneurship on the international stage.

“The network will serve as a forum for MSME women entrepreneurs in Cambodia, raise the sector’s challenges and represent the Kingdom at international meetings.

“Women entrepreneurs in the sector are facing financial challenges and competition as they expand from family businesses to larger businesses, with access to international markets also posing a challenge,” Chhun Hak said.

Ly Ly Food Industry Co Ltd CEO Keo Mom said CamWen was necessary so that the Kingdom could join as a member of the Asean Women Entrepreneurs Network. Membership would allow the Kingdom’s female entrepreneurs to expand their businesses to other Asean countries.

“Joining the Asean Women Entrepreneurs Network will greatly benefit our business relations and the sharing of experiences with each other,” she said.

Chhun Hak expects that the five largest female entrepreneur associations will join CamWen, all of which have more than 100 members.

“We hope that when they come together, we can provide opportunities for capacity development and deal with other challenges so that they can share their voices through the formulation of government policies to develop entrepreneurship in Cambodia,” he said.

In March, USAID launched the five-year $10 million project called “Women Entrepreneurs Act” – managed by international NGO Pact Cambodia – to support and empower young women in the Kingdom to become entrepreneurs and leaders.

An International Finance Corporation report released in August said Cambodian women entrepreneurs continue to struggle with limited access to financial loans for business expansions, with only three per cent of women entrepreneurs having access to formal credit from microfinance institutions and banks.

The report estimated that the unmet demand for credit from women entrepreneurs is currently $4.2 billion – a figure that’s equivalent to almost 63 per cent of Cambodia’s national budget of $6.7 billion for this year.

The Cambodia Inter-censal Economic Survey 2014 shows there were 513,759 enterprises in the Kingdom that year, of which 97.6 per cent were micro-enterprises and 2.2 per cent small and medium-sized enterprises (SMEs).

Women-owned 26 per cent of SMEs and 62 per cent of micro-enterprises.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Floods prompt evacuations in Kampong Speu

    Rain-induced floods and water flowing from Kampong Speu province have submerged the houses of 1,527 families living close to the Prek Thnot River in Spean Thma, Tien, Kong Noy and Roluos communes in Phnom Penh’s Dangkor district, according to data from local authorities. Spean Thma