Making statuettes as dwellings of higher powers is well attested in the Greek Magical Papyri. The contexts are diverse but the statuettes are most often created in divination rituals and rituals for love, or, as here, for success. The underlying belief is that a higher power actually residesin the statuettes. These statuettes were not believed to be an exclusive residence which illustrates the ancient belief that higher powers were capable of being at multiple places at the same time.
Here is an example from a fourth century Greek magic book from Egypt, PGM IV, 2.359-2.372:
Praktikon (πρακτικόν)
Take orange-tawny beeswax and juice of the aeria plant and of ground ivy, mix them and fashion a hollow figure of Hermês, holding a herald’s wand in his left hand and a small bag in his right hand. Write on hieratic papyrus tthese names and you will see it work incessantly:
Chaiôchen Outibilmemnouôth Atrauïch: Give revenue and achievement to this placebecause Psentebêth dwells here!
Put the papyrus inside the figure and close the hole with the same beeswax, place it in a wall, not to be seen, crown it on the outside, sacrifice to him a cock and make a drink offering of Egyptian wine, and light for him a lamp that is not colored red.
Artefact and image source: PGM IV (P. Suppl. grec. 574), Bibliothèque Nationale de France, Foto source: gallica.bnf.fr / BnF