In a nation where women’s empowerment is crucially needed, local partnerships are proving to be a beacon of hope. Cambodia has long faced challenges related to gender inequality and economic disparity. Through the Feminists in Action initiative funded by the Agence Française de Développement, CARE has formed a transformative and equitable partnership with Lady Saving Group. Lady Savings Group is one of six local women’s rights organizations participating in the Feminists in Action initiative. This initiative encourages local organizations to take the lead and ownership of the work they are doing at community level, relying on CARE to enhance their financial, technical, and organizational capacity. These partnerships demonstrate the power of collaboration in fostering positive change within communities, moving towards a more gender equal world.
Ms. Virak Bonnarath, the Co-founder and Program Manager of Lady Saving Group, is at the forefront of this partnership. She oversees the development of Lady Saving Group’s strategic plans, fundraising efforts, and project management. Bonnarath envisions Lady Saving Group as a catalyst for women’s economic progress, explaining, “We aim to promote women’s economic status by coordinating a mutual saving, credit, and a learning platform where members can access financial resources to support their education, family, and businesses and build capacity on leadership and entrepreneurship.”
The Lady Saving Group – Where ambition, community and business unite
With the support of Feminists in Action, the Lady Saving Group has been able to extend its reach and impact. Bonnarath explained, “Initially we had 267 women members from diverse backgrounds, all saving money in the group and receiving regular training and resources on health, self-development, and business management.” Since joining the Feminists in Action initiative, the Lady saving group have scaled up their efforts, this year providing an additional 100 women entrepreneurs with financial resources and educational opportunities.