More profitable small businesses
Total in Angola, in partnership with key institutions such as World Vision, supports the Entrepreneurs Women’s Federation of Angola by developing the entrepreneurship capacity of the women from the Porto Amboim municipality. This project encourages opening accounts in commercial and savings banks by creating community banks so women can apply for micro credit loans.
A woman in the project. The effort is personal, the family and the community harvest the benefits.
Public manifestation of such a project encourages other players to replicate it
As for encouraging them, ceremonies are organized to award them the training certificates and the debit cards for the newly-created bank accounts
Role-playing their everyday activity to show to their supporters how they do it
Empowering women for businesses
One of the corporate social responsibility targets of Total is to share its successes with the communities near or far from its industrial projects in Angola. This implies investing in sustainable socioeconomic development initiatives.
One such project aims to enhance the women’s capacity to nurture long-lasting small businesses within the communities. The goal is to help women to create their own community banks by saving small amounts of their profits every month. This way, when needing to start a new business or to expand the current one, they are able to finance their own small businesses using the community savings as micro-credit.
Micro-credit for an inclusive project
As part of this program, women receive training sessions in management and sales techniques that will help them enhance their competencies in managing their businesses.
Total in Angola and its local partners are in charge of organizing all the training sessions and giving technical and administrative support to the community banks.
The project is helping a group of 600 women starteruppers in the region. This long process started in 2013 when they were selected from different areas such as agriculture, trading, micro industry, fishing, fish drying, among others. Up to now, it has granted 66 micro credit loans.