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

  • Hun Sen to the rescue

    Cambodia has won praise for allowing passengers of the MS Westerdam cruise ship to dock at Preah Sihanouk port, thanks to Prime Minister Hun Sen’s humanitarian act. In a message via Twitter on Wednesday, the director-general of the World Health Organisation Tedros Adhanom Ghebreyesu

  • PM orders immediate action against ‘sexy’ live streamers

    Prime Minister Hun Sen on Monday ordered immediate action against women who live stream their sales pitches on Facebook wearing revealing clothing. The prime minister said the practice erodes traditional Cambodian values and disgraces women. Hun Sen gave the order to officials attending the Cambodian

  • Trump tweets praise for Kingdom docking ship

    Cambodia continues to earn praise for its humanitarian act of allowing the MS Westerdam cruise ship with more than 2,200 passengers and crew on board to dock at the Preah Sihanouk port. The praise this time comes from none other than US President Donald Trump. “Thank

  • Tourist area greenlit in Sihanoukville

    The National Committee for Coastal Management and Development will coordinate with relevant ministries over the establishment of a billion-dollar tourist area named Neak Reach in Preah Sihanouk province after it was proposed by the Ministry of Tourism. The Ministry of Land Management, Urban Planning and

  • PM issues human rights circular

    Prime Minister Hun Sen on Wednesday issued a circular urging officials at all levels to work more closely with the Cambodia Human Rights Committee (CHRC) to protect human rights in Cambodia. In the circular, Hun Sen urged all institutions to collaborate closely with CHRC, including

  • Organic vegetable retailer unveils QR code scheme for origin source

    Organic vegetable retailer Natural Agriculture Village has introduced QR codes on its product packaging, which will allow consumers to see where their produce comes from. Natural Agriculture Village president Bun Sieng, who is also a member of local distributor Green Gold, told The Post on