Women need financial support to take the step beyond "micro"
Women run 65% of the businesses in Cambodia, but most of them are micro-sized and engage less than 4 people. Microfinance is an easy option for many women (and men) in Cambodia, however accessing financial capital above "micro" sized loans is a different story.
We want to change the financial opportunities available to women-led businesses, and create an equal playing field for entrepreneurs.
SHE delivers two financing programs:
Thriive Cambodia Program
SHE Social Impact Fund
The SHE Social Impact fund is a pilot program SHE is delivering in partnership with Good Return. This pool of funds offers SHE program graduates the opportunity to apply for business loans that are above typical microfinance loans (which usually ends at USD $500). Through the SHE Social Impact Fund, women can apply for loans up to USD $3,000 for equipment and infrastructure, and receive mentoring from SHE's team to support them in improving their businesses and repaying the loans. Once loans are repaid, the funds are re-loaned to another SHE graduate.
This project is made possible by our partners The Vasudhara Foundation.
All donations made to the SHE Social Impact Fund are tax-deductible in Australia, and can be made here. Our goal for this project is to grow the fund to USD $100,000 to offer more women larger loans and investment opportunities, to bridge the gap in capital financing available to female entrepreneurs in Cambodia.
To join The SHE Social Impact Fund and help us grow this funding pool, please contact us today!
Thriive Cambodia is the newest Thriive Capital program to be delivered by Thriive U.S., in partnership with SHE Investments.
Thriive builds shared prosperity in the developing world by helping small businesses to create jobs and donate basic necessities to their communities.
Thriive provides pay-it-forward financing for production equipment to ambitious small business entrepreneurs, helping to expand their businesses and create desperately needed new jobs. Through this ThriiveCapital system, loans are not repaid in cash, but instead “paid forward” with donations of basic necessities and job training to vulnerable community members.
For the first time in Cambodia, the Thriive Capital program will be delivered from July 2017, in partnership with SHE. From November 2017, 7 - 8 businesses will be selected to receive up to USD $10,000 capital for equipment as part of the first pilot year.
Learn more about the Thriive Cambodia program, including how to apply for the Thriive Capital loan, here.