Problem
Color Silk is a social business that endeavors to prevent the ancient Cambodian tradition of silk weaving from vanishing, and to empower women in the more isolated areas of Cambodia to contribute to the economic development of their communities. Color Silk helps women in these communities to establish home-based enterprises that enables the women to work and live together close to their families, while simultaneously generating an income and being economically independent.
Loan Purpose
To build a new production facility with new equipment for the purposes of hiring, and training for women for to increase production capacity.
High Level Summaries
Enterprise Details
Began operations starting |
2009 |
Number of paid employees |
- |
Ownership status |
Sole proprietorship |
Legal status |
Private Limited or equivalent |
Asset size |
$365,206 (as of December 2016) |
Previous year sales revenue |
$351,990 (as of December 2016) |
Incorporated locations |
Cambodia |
Operations
Business Model Outline
Colorsilk Enterprises sources their silk from a community of local farmers, which is then processed and manufactured by local women weavers into silk-based products. These include cases, garments, and other silk-based consumer products.
Sales Strategy (current and future)
Previously we only depended on the sales of white-labelled goods. With this new funding we plan to begin a small line of end products. These designs will be supplied by partner designers.
Supply Chain Strategy (current and future)
Colorsilk has a network of weavers which includes those who work on-site and from their homes (via home-based enterprises). These women are provided with training and loans if necessary to operate and own a weaving loom in their homes.
Social Impact
What is the most important social impact KPI you track?
Number of women trained and fairly paid
Based on this KPI, what has been your impact to-date?
- We have provided training and employment to 450 women weavers
- They earn an average of $200 a month, 80% higher than the average pay of a factory worker
Application Materials
Access Full Loan Application |
Review Enterprise Financials |