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Additional Information

About Maya

Although Turkey is one of the largest economies in the region, it has not reached its potential for microfinance investment. Deficient legal structures for microfinance credit initiatives and lack of quality information about microfinance demand and structure in Turkey are the largest obstacles to improvements in the field. Under these challenging conditions, Maya provides group and individual loans to low-income women who lack access to the financial services they need in order to start or improve their own small-scale businesses. Maya, established in 2002, was Turkey’s first microcredit program. Maya is Kiva’s first Field Partner in Turkey and posted its first loans in August 2011. Headquartered in Istanbul, Maya has four branch offices. For more information, visit Maya’s partner page.

About Turkey

  • $19,600
    Average annual income
  • 6
    View loans »
    Turkey Loans Fundraising
  • $272,675
    Funds lent in using Kiva
  • 1.8
    Turkey Lira (TRY) = $1 USD
Ended with Loss - Defaulted
A loan of $1,125 helped this borrower to buy a more advanced sewing machine.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2011
Listed
Sep 24, 2011
Currency Exchange Loss:
Possible
Defaulted:
May 17, 2012