The Turkish Grameen Microcredit Program (TGMP), a microcredit project of the US-based Grameen Foundation, announced that it has disbursed approximately TRY 73 million (USD 46.9 million) in unsecured loans to approximately 42,000 women since its founding in 2003.
As of December 2009, TGMP reported total assets of USD 9 million, a gross loan portfolio of USD 7.95 million and 28,314 active borrowers.
The two Turkish MFIs reporting data for 2009 to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, have an aggregate loan portfolio of USD 8.8 million, total assets of USD 9.9 million and 30,000 million active borrowers. TGMP is not one of the reporting MFIs.
By Witt Gatchell, Research Associate
About Turkish Grameen Microcredit Program (TGMP):
The Turkish Grameen Microcredit Program (TGMP) is a project of the US-based Grameen Foundation. It was established in 2003 and offers microloans to borrowers in Turkey. TGMP reported total assets of USD 9 million, a gross loan porfolio of USD 7.95 million and 28,314 borrowers as of December 2009.
Sources and Additional Resources:
[1] Hurriyet Daily News: “Micro credit system supports poor people in Turkey” http://www.hurriyetdailynews.com/n.php?n=micro-credit-system-supports-po…
MicroCapital Universe Profile: Turkish Grameen Microcredit Program
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tur…
Browse the MicroCapital Universe and add your entry to: https://www.microcapital.org/microfinanceuniverse/tiki-index.php
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