Promoting Small Enterprise
Small- and medium-sized businesses drive economic growth and job creation in any community. Helping to develop these businesses contributes to the overall prosperity of the communities where we work. We help lift entrepreneurs by supporting business development and incubator programs, funding job skills training, and providing access to credit and markets.
Many of Chevron's economic development projects focus on promoting equality and economic empowerment for women. We partner with local nonprofits and nongovernmental organizations to provide microloans, financial education and job training. We believe that when women are empowered, whole families see the benefits, and we think those benefits can have positive effects upon future generations.
Chevron partners with groups like Opportunity Fund and Inner City Advisors. With our support, these organizations are able to increase resources for entrepreneurs and small businesses.
California’s largest nonprofit microlender and a national leader in microsavings, Opportunity Fund serves both the San Francisco Bay Area and Los Angeles. Chevron’s partnership with Opportunity Fund began in 2009. In 2012, through our partnership, Opportunity Fund provided microloans and business support to 370 small business owners in the San Francisco Bay Area, and more than 900 entrepreneurs in California helping retain and create nearly 1,000 jobs.
Chevron’s has supported Inner City Advisors (ICA) for nearly a decade. Through Chevron’s support, ICA builds responsible and sustainable small businesses that create good jobs and wealth for inner city residents and their communities.
In 2010, Chevron launched the Niger Delta Partnership Initiative (NDPI) Foundation, which was established to help increase income, employment and equitable economic growth in Nigeria by building public-private partnerships. The foundation has launched three pilot projects to create jobs and increase income for Niger Delta residents within the aquaculture, cassava and palm oil agricultural sectors. Programs emphasize coordination among farmers, producers, government agencies and banks. The foundation is using demonstration ponds located near the initiative’s Economic Development Center in Warri to train fish farmers to improve their yields.
To date, NDPI has trained more than 5,500 people, including 400 local business owners and employees, created more than 600 jobs and established 172 partnerships.10,000 people have benefitted directly from NDPI.
Our initial success has encouraged other prominent international organizations to get involved, generating and additional $50 million in funding. And, in 2014, Chevron committed an additional $40 million to NDPI over the next five years, bringing the total resources generated by the initiative to $140 million.
In Bangladesh, where many area residents were affected by land acquisition related to development of the Bibiyana and Moulavi Bazar gas fields, we have worked with a nongovernmental organization to create the Alternative Livelihood program. The program has helped more than 6,000 families, giving them training and assets to help them start new businesses.
We participate in Inclusão Comunitária, Com. domínio Digital and Enter Jovem Plus to improve job opportunities by providing personal skills development and professional training for Brazilian women and young people who want to generate more income for their families. In 2013, these programs benefitted more than 900 people.
In Kazakhstan, we partner with Women’s Entrepreneurship, which aims to empower Kazakh women—who face high employment—by providing educational opportunities and supporting development of small and medium-sized enterprises. We’re also developing a $30 million initiative for young people that will include a youth center and education, wellness and vocational awareness programs.
Chevron partners with Save the Children to improve livelihoods for women in the Mekong Delta by providing financial training and microloans. More than 1,270 women benefited from the program in 2010.