This program arises from the need we have detected to incorporate access to specific micro-finance into Inclusive Entrepreneurship services for people at risk of exclusion, as it is one of the obstacles they face when enterprising.

The program's goal is to promote the socio-occupational inclusion of women in situation of unemployment through technical training, development of entrepreneurial skills and entrepreneurial advice.

This is an advice according to the specific needs of women participants, so that learning processes are generated to cope with decision making, obstacles and difficulties, with particular emphasis on the field of finance.

Acción contra el Hambre (Action Against Hunger Spain) offers entrepreneurs a limited Micro-finance Fund for the implementation of various businesses, granting this money in small amounts, managed as a micro-credit by an entity with extensive experience in this field, Nantik Lum Foundation, which manages this fund and its monitoring.

The program begins with an evaluation of the profile of the person and the business idea, where the issues to be improved and the training needs of the individual are valued. At that point, the steps are marked through the most appropriate route.

Have a business idea and do not know where to start? Call us! +34 91 184 08 51

The project consists of the following activities:

• Practical training workshops
• Technical advice on the idea
• Financial advice
• Micro-credit monitoring and business consolidation

PRACTICAL TRAINING WORKSHOPS
Training through five practical and participatory workshops (4 hours each):

• 1st Workshop: Analysis and development of the business idea using the Canvas method.

The aims is to develop the business model by transforming an idea into a entrepreneurship project and to work on initiative skills, organization and confidence.
Contents:

1. What: definition of the value proposition.
2. Who: the project's intended audience, kind of established relationship, definition of communication and product and service distribution.
3. How: main activities, necessary resources and alliances.
4. Feasibility study: cost structure and income generation.
    

• 2nd Workshop: Business planning.

​The main goal is to analyze the feasibility of an entrepreneurship project through the development of its business plan and to improve the planning skills, decision-making, communication and customer orientation.

Contents:

1. Project presentation: a description about the business idea and its promoters.
2. Service or product description.
3. Market research: customers, suppliers and competition.
4. Marketing plan
5. Human resources
6. SWOT
7. Legal plan
8. Tools and basic knowledge to elaborate a business plan as complete as possible by maximising the key competencies needed to develop it successfully.
    

• 3rd Workshop: Analysis on project's econo-financial feasibility.
• The main goal is to learn how to analyse the economic feasibility of an entrepreneurship project and to improve planning, responsibility, compliance, task fulfillment and mathematical reasoning.
• Workshop content: Theoretical description of economic and financial concepts for the project's feasibility analysis adapted to the beneficiary profile and application through case study.

Contents:

1. Personal circumstances and family economy
2. Estimated costs
3. Estimated sales
4. Project's econo-financial feasibility

The participants will learn how to assess the economic feasibility of their projects, which are the  indicators that describe it, and how it influences the development of the project. Moreover, they will learn to plan expenditure and income, meet legislation and assume financial liability involved.
 

• 4th Workshop: Business start-up

The goal is to understand the different legal forms and principal obligations as an entrepreneur and to improve decision-making and compliance skills.

Contents:

1. Principal legal forms description
2. Freelancers and companies start-up
3. Main tax obligations: VAT, Personal Income Tax and Corporate Tax.

The participants will learn the route to follow to formalize their projects and which are their obligations once they begin the activity.
 

• 5th Workshop :“Access to finance:  alternative sources of business financing”

The main goals are to explore the possibilities of obtaining finance to start-up an entrepreneurship project, to report the funds available to the most feasible projects (economically and technically) and their entrepreneurs and to improve business self-confidence, control skills, and effective communication.

Workshop's content: Description of the different finance sources available. Alternative financing initiatives further considerated, such as micro-finance, savings groups, Self-financed Communities (CAFs) or crowdfunding platforms.
 

TECHNICAL ADVICE ON THE IDEA
An assessment of the entrepreneurial profile of each woman, motivation and commitment to participate in the project will be developed through individual interviews, as well as and an initial evaluation of the business idea by CANVAS methodology, which allows to establish a work plan and to develop a complete business plan which determines the feasibility of the business idea.
 

FINANCIAL ADVICE
A series of financial individualized tutorials are performed for beneficiaries who have developed the business plan to analyze the economic and financial feasibility of their project with the aim of accessing the necessary funding to start their business. The actual funding needs and more appropriate ways of financing are analyzed. In the case of applying for a micro-credit fund for the project, the necessary documents for the application and processing will be delivered to the beneficiary.

Different financing alternatives accessible to beneficiaries and adapted to the needs and abilities of each of them are contemplated. Besides, beneficiaries will be supported from the project's micro-credit fund for accessing, among other alternative sources, to a micro-credit from Microbank La Caixa.
 

MICRO-CREDIT MONITORING AND BUSINESS CONSOLIDATION
A monitoring of the micro-credit and the business constituted for three years will be conducted, both the financial and the business side, providing a comprehensive service covering all aspects needed to consolidate the business.
 

MICRO-FINANCE FUND
Acción contra el Hambre (Action Against Hunger)'s Project provides a Micro-finance Fund to be managed as micro-credits by Nantik Lum Foundation, which has ten years of experience in micro-finance and entrepreneurship. For the granting of micro-credits, a Credit Committee will determine the amount to give to each entrepreneurial project according to technical and economic feasibility.

A project funded by:

This project is implemented by the Acción contra el Hambre Fondation through its Employability and Entrepreneurship Strategy in Spain, Vives Proyecto, in collaboration with the Nantik Lum Foundation.