Update on SevgiSevgi is divorced and lives with her son. She sells flowers from a shop for weddings, engagements, and bridal arrangements. She makes and arranges her own designs. With her first loan she bought and arranged flowers to increase her business, and plans to use this loan the same way.
Translated from Turkish by Maya Staff
Sevgi Hanım, eşinden ayrılmıs oğlu ile beraber yaşıyor. Yapma çiçek satışı yaptığı dukkanı var. Müşterileri yeni evlenecek çiftler. Nikah şekeri gelin çiceği yapıyor. Dizaynını kendisi planlayıp üretiyor. Aldığı kredi ile çiçek alıp tanzimini gercekleştirip işini geliştiriyor. Kullandığı ikinci kredisinde de aynı sekilde faydalanmayı düşünüyor.
Previous Loan DetailsSevgi, mother of one, used to make artificial flowers as a hobby when she was married. After she and her husband separated, she had to support herself and her son. With the help of her father, she opened a small artificial flower shop at a local mall. At first she sold bridal arrangements and flo... More from Sevgi's previous loan »
More information about this loan
Maya works to extend access to finance in Turkey, a country which, as a whole, has very limited microfinance services. By supporting this loan, you are helping Maya continue their work and specifically reach female borrowers in Turkey, many of whom come from rural parts of the country.
About MayaAlthough 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 borrowers are part of lending groups, but are posted to Kiva as individuals. Therefore, lenders are exposed to additional risk of default in the event that a member of this borrower's group defaults on her loan. 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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