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Overview

Ping An Insurance expands female artisan poverty alleviation program in Cambodia and donates supplies

Commitment Year•2021Country of Activity•CambodiaSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 18, 2021
Start (actual)
May 18, 2021
End (actual)
May 18, 2021

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

  • Ping An Insurance

Receiving agencies

Government Agencies

  • Government of Cambodia

Implementing agencies

Government Agencies

  • Government of Cambodia

Loan description

Ping An Insurance expands female artisan poverty alleviation program in Cambodia and donates supplies

Narrative

Full Description

Project narrative

On May 18, 2021, Ping An Insurance Company of China announced the expansion of their poverty alleviation program in Cambodia and donated supplies for the project through their subsidiary, Ping An Puhui. The donated supplies included 60 sets of sewing machines, cloth cutters, clothing irons, and other equipment. These supplies will be used within the poverty alleviation project to support local women artisans with specific handicraft skills. The monetary value of this donation is unknown. The poverty alleviation project will look for women in Cambodia with specific handicraft skills and provide them with technical training and handicrafts production opportunities. These efforts will promote local women's employment and the economic development of their communities. More than 80 women in Cambodia have already participated in the program, increasing their income from RMB 3,200 per year to more than RMB 10,000 per year.