The challenge is twofold:
In 2012, CGG started a partnership with Babyloan, a crowdfunding platform where participants can lend money to micro entrepreneurs worldwide. The aim for CGG was to switch its social responsibility approach from pure philanthropy to rather support the autonomy of communities in their livelihoods.
Supporting micro entrepreneurs in the countries in which we operate seemed a good solution, both to involve our employees in tangible projects on an international scale, and have a local and direct positive impact on the local populations. Indeed, micro entrepreneurs can become more self-sufficient when they are given the opportunity to develop their own project and pay back the loans.
Micro entrepreneurs can become more self-sufficient when they are given the opportunity to develop their own project and pay back the loans.
The first solidarity challenge organized in 2012 enabled more than 100 small businesses to be financed by 150 CGG employees. In 2013, 292 CGG employees of 22 different nationalities helped finance 124 projects.
As an example, two micro entrepreneurs from Indonesia, Fatima and
Jibriel, were able – thanks to Babyloan and the help of CGG employees – to expand their livestock of goats and earn a decent living. They could
even afford to send their six children to school and employ one person.
Since 2012, CGG employees and corporate funds have helped to fully or partially finance more than 4000 small business projects for an equivalent 750 000 € of loans. CGG also continues to pay transaction fees for all participating employees
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