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Nihal has owned a clothing shop for 20 years. She sells prayer skirts and dresses as well as “mothers’ dresses.” From time to time, she needs capital, which is why she is getting a loan from Maya. With the loan, she will increase her range of products. Nihal is a hardworking and determined woman.

Translated from Turkish by Maya Staff
Nihal hanım 20 yıldır hazır giyim dükkanı var. Anne kıyafetleri ve namaz elbiseleri,namaz etekleri satıyor. Ancak,zaman zaman sermaye ihtiyacı oluyor. Bu yüzden Maya’dan kredi alıyor. Aldığı kredilerle çeşitliliği arttırıyor. Bu kredi ile ürün alacak. Nihal Hanım çalışkan ve azimli bir kadın.

Additional Information

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 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 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.

About Turkey

  • $19,600
    Average annual income
  • 0
    View loans »
    Turkey Loans Fundraising
  • $309,625
    Funds lent in using Kiva
  • 2.1
    Turkey Lira (TRY) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Nihal to buy products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 30, 2014
Jul 13, 2014
Currency Exchange Loss:
Jan 17, 2015