silk weaving project

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silk weaving project

Phnom Penh, CambodiaCambodia
Year Founded:
2009
Organization type: 
for profit
Project Stage:
Growth
Budget: 
$10,000 - $50,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

as a social business, with its mission oriented to preserving a silk weaving culture that was at risk of vanishing, while reducing poverty and contributing to economic development in isolated areas of Cambodia

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

what if the livelihood of women will be changed with the weaving work?
About Project

Problem: What problem is this project trying to address?

During the Khmer Rouge regime the unique Cambodian silk weaving culture nearly disappeared. Today there are women willing to take it up again as a source of income, but they lack the know‐how and production assets. Furthermore, because they live in isolated rural villages these women have no access to markets where they can meet clients willing to buy their products.

Solution: What is the proposed solution? Please be specific!

Color Silk provided the financial support to install hundreds of silk looms in 6 villages where women produce silk fabric, silk scarves and silk sarong. Now Color Silk enterprise working with more than 400 silk weavers from rural households. We have already set up hundreds of silk looms in 6 villages, which produce many types of silk fabric and silk scarves and silk sarong. Color Silk is supplying more than 50 boutiques in Phnom Penh and Siem Reap.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Color Silk provides and creates sustainable rural jobs for Khmer silk weavers in hundreds of households and protects the weaving heritage and village culture by maintaining and developing unique silk weaving while generating income and improving the livelihood of silk weavers in isolated areas. Creating jobs and training women in weaving provides an opportunity for less educated people to liberate themselves from poverty. This also aligns with the government policy of alleviating poverty and reducing dangerous illegal immigration to find jobs in other countries. At the same time, we fulfill the needs of silk fabric for Cambodian people and foreigners and provide finished silk products for our many consumers.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

Currently Color Silk is working with more than 400 silk weavers from rural households. We have already set up hundreds of silk looms in 6 villages, which produce many types of silk fabric and silk scarves and silk sarong. Color Silk is supplying more than 50 boutiques in Phnom Penh and Siem Reap. Our goals are: • Create sustainable jobs (home-based work) for more than 1,000 household base by the end of 2015 • Allocate resources and deliver weaving skill training to at least 50% of less educated women living in remote areas. • Increase production and sell volume by 35% and 25% annually growth, respectively, and would increase profit margin to 32% by the end of 2016. •Provide secured jobs to help the silk weavers who live under National Poverty Line (NPL) which increase to $75-90 per month.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

The model of revenue is selling of its silk products to retailers customers in domestic and international markets. For the year of 2012, Sale Revenues were around $ 300k and Net Profit was $ 81k. Color Silk is currently looking for social investors, supporter partners who have similar vision/mission to join in order to expand its business and we are also looking for new partners in the hospitality industry to use as distribution channels.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

Color Silk is currently in an expansion phase looking for new clients to expand its domestic and international market. Cambodia receives 2 million tourists per year and most of them go to Phnom Penh or Siem Reap staying in hundreds of hotels. Some of these hotels have or could have small shops in their lobbies selling local products on consignment. There is an opportunity to partner with these hotels and supply them with products that they can sell improving their customer’s experience.
Team

Founding Story

Ms. Ngorn Vanntha, a founder and the chair woman of the Color Silk, Vanntha got a master degree in Business Administration from Royal University of Law and Economics Science in 2009. October 2010, she received an award as Global Young Social Entrepreneur from YouthActionNet, a program of International Youth Foundation (IYF) in Washington D.C. Vanntha used to work with private and NGO (companies?) leading and managing projects related to social development and career development. She manages the business of the company, which includes strategic positioning; business planning, marketing campaign for job matching in town and rural, development.