Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner All Kiva Partners
  Start Date On Kiva Jun 30, 2021 Oct 12, 2005
Total Loans $2,072,750 $1,958,454,115
Amount of raised Inactive loans $0 $196,930
Number of raised Inactive loans 0 171
Amount of Paying Back Loans $908,300 $161,031,645
Number of Paying Back Loans 3,189 188,514
Amount of Ended Loans $1,164,450 $1,768,236,180
Number of Ended Loans 3,246 2,370,020
Delinquency Rate 0.02% 12.22%
Amount in Arrears $147 $12,205,675
Outstanding Portfolio $509,106 $99,884,553
Number of Loans Delinquent 21 72,810
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,298,216
Number of Ended Loans Defaulted 0 84,743
Currency Exchange Loss Rate 12.95% 0.50%
Amount of Currency Exchange Loss $268,681 $11,931,838
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 99.97% 78.22%
Average Loan Size $322 $392
Average Individual Loan Size $322 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $19,600 $5,599
Average Loan Size / GDP per capita (PPP) 1.64% 7.00%
Average Time to Fund a Loan 5.61 days 8.93 days
Average Dollars Raised Per Day Per Loan $57.38 $43.87
  Average Loan Term 12.25 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,576
  Journaling Rate 0.00% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A N/A 27.02% PY
  Profitability (return on assets) 0.41% N/A -3.10%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff

Aslıhan Köksal
Deniz Önal
Yavuz Semercioğlu