Description
The objective is to promote the social and work inclusion of vulnerable women through technical training, developing entrepreneurial competencies personal advise for entrepreneurship, in line with current policies to combat unemployment. The project is carried out with Nantik Lum Foundation, an organisation specialising in microfinance. It is expected that more than 25 women are trained and advised in order to set up a business developing their competencies and knowledge in this area. A microfinance fund, provided by the promoter organisation, will be available for women with the most viable business. The project will be developed through group workshops and technical and financial personal follow-up including monitoring of the business after setting-up.
Summary of project results
The main goal of the project was the promotion of social inclusion of vulnerable women through training in entrepreneurial skills and provision of assessment for entrepreneurship. The project also aimed to provide funding to participants when needed. Through the promotion of entrepreneurship among women, the project aimed to increase female employment rate, the proportion of women in management posts, improve work-life balance and social inclusion of women and their families. The activities and the results achieved surpass the initial targets. 7 training workshops and a networking session have been organized (target was 5 workshops). As result, 58 women have received training in entrepreneurial and technical skills. Workshops focused on topics such as Business Canvas (26 participants), Business Plan Design (25 participants), Elevator Pitch (21 participants), identification of personal skills and how to transform them into entrepreneurial skills (16 participants), study of economic and financial feasibility of projects (25 participants), access to funding (22 participants), practical first bureaucratic steps to start-up a business (22 participants). Moreover, 63 women have received assessment for business creation. The assessments have studied the entrepreneur profile, motivations and idea, providing tools and guidance to develop her idea and turn it into a real project. This included the seeking of providers and the elaboration of a business plan. As consequence of these actions, 8 business have been started-up, creating 15 jobs. 2 microcredits have been provided. Microcredits had an initial limit of 6.000 € (could be increased), a qualifying period of 6 months, a repayment period of 36 months and an interest rate of 4.5%. In addition, participant women have acquired skills, increased their motivation, self-esteem and confidence. These results have a value for the future labour insertion of participants regardless the final outcome of the entrepreneurial process.
Summary of bilateral results