Climate Resiliency Research Program As climate change poses significant challenges globally, its effects on the grassroots economy, particularly for Micro, Small, and Medium Enterprises (MSMEs), are profound. MSMEs, especially those in agriculture and food production, face direct and indirect impacts such as decreased productivity, increased production costs, and threats to food security. For instance, changing […]
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Jelantah Berkah This initiative achieves several impactful goals: Waste Repurposing: By recycling used cooking oil, the program reduces environmental pollution and promotes responsible waste management. Renewable Energy Support: Transforming cooking oil into bioavtur contributes to the development of cleaner, sustainable energy for the aviation industry. Empowering Borrowers: Borrowers play a critical role in this
In 2024, Amartha strengthened its governance framework by improving and integrating five critical policies with Environmental, Social, and Governance (ESG) principles. These enhancements aim to support sustainable operations, ensure compliance, and uphold ethical standards. Borrowers Environment & Social Risk Management Policy: Integrated ESG considerations into risk assessment processes to ensure borrowers meet environmental and
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In 2024, Amartha achieved significant milestones under its ESG Governance Program, focusing on transparency, storytelling, and capacity building: Reports Published: Amartha successfully released three impactful reports to highlight its sustainability efforts and borrower impact: Sustainability Report: Detailing Amartha’s progress in ESG initiatives and long-term objectives. GER (Grassroots Entrepreneur Report): Showcasing the successes and challenges
In 2024, Amartha launched a meaningful initiative to improve the well-being of its borrowers through the Free Glasses Distribution Program. This program was conducted in collaboration with Optik International and achieved the following impact: 630 glasses distributed to Amartha borrowers, providing essential vision support for those in need. This program not only enhances the quality
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The Financial Literacy Program is a cornerstone of Amartha’s ESG initiatives, designed to empower borrowers with essential financial and digital skills for sustainable economic growth. In 2024, the program reached significant milestones: Mandatory Integration in Operations: Financial and digital literacy training has been fully integrated into SOP 6.0 and established as a mandatory component
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The Amartha STEAM Fellowship is a key initiative within Amartha’s ESG efforts, focusing on fostering innovation and talent development in Science, Technology, Engineering, Arts, and Mathematics (STEAM). In 2024, the program accomplished significant achievements: Empowering Future Innovators: Out of 568 applicants, 50 exceptional students were selected to receive the Amartha STEAM Fellowship. This competitive selection
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The Amartha Cendekia Scholarship is an integral part of Amartha’s ESG initiatives under its social responsibility framework, aimed at fostering educational opportunities and empowering future generations. In 2024, the program achieved remarkable milestones: Providing Access to Education: From a highly competitive pool of 12,870 applicants, 250 outstanding students were selected to receive the scholarship, highlighting
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The Jelantah Berkah program is a cornerstone of Amartha’s ESG initiatives, focusing on sustainable waste management and renewable energy. In 2024, the program collected 742 liters of used cooking oil from borrowers, showcasing their active participation in environmental preservation. The collected oil was processed into bioavtur (bio-aviation fuel) through a partnership with Greenia, a
