Awaken Mozambique Project assists the disadvantaged people in Beira to improve their lives through micro-financing and business management training. Micro-loans and training enables those who have no income, and very limited education, to set-up their own business to generate income for their families. They also enable those who have very small businesses to grow their enterprises so that they can provide not only sustainable income for their families, but employment for others.
Capacity building is one of the key objectives of the program. The in-country program is run by a locally elected committee of small business people and community leaders, supported by local staff. They are trained to undertake all aspects of the program. Loan repayments are also used to form a capital fund, providing long-term source of funding for the project and for future new business micro-loans.
QUT Brisbane Graduate School of Business is supporting this project with ongoing research into the process of enterprise start-up and growth in a developing economy – research that will hopefully benefit similar future programs not only in Africa but across the developing world.