SHE Investments builds an ecosystem of support for women entrepreneurs across Cambodia by providing them with the knowledge, skills, and tools they need to scale their enterprises. The DGGF funding enabled the expansion of SHE programs from Phnom Penh into Siem Reap, Battambang, Kampot, and Kampong Cham. This evaluation
confirms the initial overall success of these programs and supports the need for this kind of initiative across Cambodia. However, this success has not come without challenges, necessary adaptations, and important lessons for the organisation, its staff, and the program participants.
The primary purpose of this evaluation is to test the theory of change and assess the impact and outcomes of the Incubator programs for the entrepreneurs in the provinces. It also explores the process of expansion identifying key success factors challenges and learnings for both funders and the sector. This report begins with an explanation of the evaluation principles, approaches, and the mixed-methods used to collect the data that was analysed to produce the findings and recommendations. There is a section dedicated to impact of COVID-19 on both the program outcomes and the expansion operationally.

Read the full report here.