Cyrille Antignac, Uberis Capital’s founder is part of the Solar & Off-Grid Renewables South East Asia which took place in Bangkok, Thailand from the 29th of November to the 1st of December 2016. Cyrille Antignac discuss about securing finance for companies and projects, and how to attract finance into the mini grid sector, using is experience with our venture Sunlabob Renewable Energy.
We are proud to announce that Coco Khmer International PTE. LTD. became a registered social enterprise member of Singapore Centre for Social Enterprise, raiSE.
UBERIS-backed Coco Khmer is a Social Enterprise from Cambodia created in 2013 by Canadian entrepreneur Robert Esposito. Coco Khmer’s mission is to develop innovative, natural, highly value-added products in Cambodia, while employing vulnerable women. Coco Khmer is producing high-quality, 100% natural coconut-based products, empowering women around the Boeung Kak Lake area in Phnom Penh and rural communities in Toch Village, near Kampot.
Not only is Coco Khmer providing employment and fair wages to a vulnerable population, but it also active in training and providing community support. The company is using under-utilized, local coconuts in a sustainable way, minimizing its impact on the environment and eventually targeting to become a zero-waste, zero-carbon enterprise. By sustainably scaling their business, Coco Khmer hope to create deep social impact, by empowering more marginalized communities in Cambodia and smallholder farmers.
Coco Khmer produces hand-made chemical-free and petroleum-free products with excellent healthcare and skin care benefits for its customers. Over the last 4 years, Coco Khmer has established a premium yet affordable brand in Cambodia which is recognized for its quality and reliability. Recipes are developed to address specific problems of some segments of the population. Coco Khmer is the first virgin coconut oil (VCO) producer in Cambodia. In addition, Coco Khmer is unique to the industry as it offers products that are made with 100% natural ingredients. The Company also strives to create an innovative, closed-loop production cycle by producing downstream products that are 100% natural, beneficial to its customers, and create additional revenue streams from by-products and waste.
Coco Khmer future
Coco Khmer is a fast growing company that grew fivefold in just three years. It makes natural cosmetics and Virgin Coconut Oil sold in around 100 retail clients throughout Cambodia and starts selling intentionally to Japan and Australia. Next year Coco Khmer plans to develop exports to North America and Europe. As a strategic shareholder, UBERIS Capital is backing Coco Khmer’s expansion.
The new business of clean cosmetics
The cosmetics industry is going through a global transition and entering a post-petroleum era.
Customers recently realized how much damages are caused by microbeads (plastic microsphere, scrubbing material), toner and chemical additives. Chemical ingredients contaminate oceans. Product as P-phenylenediamine (used with dark colorant), BHA and BHT (cosmetic preservative), dioxane (used during the manufactured process of some cosmetic ingredients), dibutyl phthalate (nail polish ingredient), triclocan (antibacterial used in cleanser, sanitizers, deodorant), diethanolamine (PH adjuster) are toxic to highly toxic for human and the environment.
Microbeads have been found damaging water supplies, marine life and the ecological balance of the planet. Moreover, microbeads can act like tiny sponges, absorbing several other dangerous chemicals, including pesticides and flame retardants. Livestock that is exposed to these chemicals can suffer reproductive, genetic, and developmental changes as well as many types of cancer.
Natural cosmetics: a fast growing industry
Natural cosmetics that are non-toxic for the environment, ethically sourced from bio and fair trade agriculture are gaining momentum among consumers, especially in developed economies. Yet transitioning from petrol-based to 100% natural ingredients is a tough challenge for the cosmetics industry because the sourcing of natural and essential oils is subject to scarcity and erratic production. Moreover, production cycles create seasonal variation in the price of raw material that can vary from 1 to 3 depending on the season. Sourcing imposes collaboration with small producers in well organised vertical supply chains.
This is what Coco Khmer is about and doing well. Coco Khmer’s products are 100% natural using coconut oil, essential oils and beeswax. Coco Khmer also uses ground coffee and Kampot salt for its scrubs instead of microbeads.
Disclaimer: all information contained on this article are for general information purposes only]