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Economic development programs

In Indonesia, ExxonMobil has developed a microfinance program to help entrepreneurs, especially women, learn new skills, generate income and reduce poverty. The program is supported by a $10 million revolving fund and has generated a performing loan ratio of almost 100 per cent.

The program customizes the group-based credit system by making small, collateral free loans and employs peer monitoring to ensure that borrowers act responsibly, repay the loan and maintain good credit standing.

Since 2008, the program has benefited more than 26,000 people in North Aceh, Majene, Donggala, Bojonegoro, Blora and Tuban regencies.

In addition, ExxonMobil has led a number of initiatives addressing the social and economic challenges facing Indonesian communities. This includes vocational and youth entrepreneurship training, a cattle fattening program, and the establishment of a community self-help group and business incubator.

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