Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Turkish Grameen Microfinance Program (TGMP) is a non-profit microfinance organization focused on supporting women in Turkey. TGMP especially targets rural parts of the country which are not served by formal financial institutions. In addition to serving Turkish women, TGMP has expanded their efforts to reach Syrian refugees who have fled the war in their home country and settled in Turkey.

A unique lending approach:

TGMP uses a group lending model to reach some of the most underserved women in Turkey. With refugees largely lacking economic opportunity, TGMP is one of the few organizations willing to serve them. The partnership with Kiva will allow them to scale their support to Syrian refugees while also reaching more Turkish women who are looking to start or grow their small business.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 30, 2021 Oct 12, 2005
Total Loans $4,750 $1,555,433,720
Amount of raised Inactive loans $0 $652,250
Number of raised Inactive loans 0 206
Amount of Paying Back Loans $4,750 $162,206,195
Number of Paying Back Loans 9 198,084
Amount of Ended Loans $0 $1,392,575,275
Number of Ended Loans 0 1,836,151
Delinquency Rate 0.00% 17.66%
Amount in Arrears $0 $17,681,313
Outstanding Portfolio $23 $100,147,062
Number of Loans Delinquent 0 57,587
Default Rate 0.00% 1.70%
Amount of Ended Loans Defaulted $0 $23,627,934
Number of Ended Loans Defaulted 0 58,933
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,651,406
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $9,425,550
Number of Refunded Loans 0 8,773

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.25%
Average Loan Size $528 $392
Average Individual Loan Size $528 $603
Average Group Loan Size $0 $1,783
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $19,600 $5,692
Average Loan Size / GDP per capita (PPP) 2.69% 6.88%
Average Time to Fund a Loan 0.26 days 7.97 days
Average Dollars Raised Per Day Per Loan $2,053.42 $49.13
  Average Loan Term 11.44 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 955,002
  Journaling Rate 0.00% 42.73%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.68

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A N/A 25.72% PY
  Profitability (return on assets) 0.3% N/A -1.21%
  Average Loan Size (% of per capita income) N/A 4.00% 11.51%

Country Fast Facts

Field Partner Staff

Altay Elcin
Nour İdris
Aslıhan Köksal