Where we work

South Asia

East and Southeast Asia
• China
• East Timor
• Indonesia
◦ MKEJ
    ◦ YAMIDA
    ◦ YKBS
    ◦ Yuli's story
• The Philippines

Latin America / Caribbean

Middle East / North Africa

Sub-Saharan Africa

United States

Grameen Foundation : Where we work : East and Southeast Asia : Indonesia

Indonesia

The Need in Indonesia

• More than 18 million people live on less than $1 a day
• Of a population of 214 million people, approximately 20 percent depend on micro- and small-scale businesses to earn a living
• Only 10 million out of 42 million microenterprises have access to credit from formal institutions

Indonesia has a long history of informal credit and savings programs, yet most of these have limited outreach. The majority of rural households still do not have access to a source of funds from a formal or semi-formal institution. The regulated microfinance providers tend to cover the upper levels of the market in district and sub-district towns with loans of more than $320. NGOs, cooperatives, and village-based institutions reach a lower end of the market, yet still have limited outreach in rural areas. Overall, though, NGOs have not played a significant role in providing financial services.

Indonesia has a large population of underserved poor, and the situation was tragically made worse following the tsunami in 2004. Grameen Foundation partners with MFIs in the country to build solutions to the overwhelming challenge of helping poor tsunami survivors recover. In addition to providing funding, we help implement management information systems and provide on-the-ground technical assistance. Our most significant involvement is in Banda Aceh, the region hardest hit by the tsunami, where microfinance services were unavailable to most poor people even before the tsunami.

Our partner microfinance institutions in Indonesia: YAMIDA, YKBS, and MKEJ.

Indonesia success story: Yuli

 

Grameen Foundation : Where we work : East and Southeast Asia : Indonesia