Sibel is a patient and ambitious woman who is married with a child. Sibel has been practicing management for four years. Her clients are her neighbors and relatives. While she thinks business is difficult, she thinks she has made considerable progress in her work. She turned a low budget grocery store into a market which she owns now.
This is her first loan from Maya. She will add the loan she gets from Maya to her capital to increase the variety of her products to better serve her clients. With this loan, she plans to make more sales and earn more money, which will enhance her business.
"My husband has a job, and I work in the market," Sibel said. "I am hoping to get all the necessary goods required to be stocked in a market, and in the future I hope to turn my business into an even bigger market."
Translated from Turkish by Maya staff:
Sibel, evli ve bir çocuğu var. Sibel, 4 yıldır işletmecilik yapıyor. Müşterileri mahalle sakinleri ve çevresi. Ticaretle uğraşmanın kolay olmadığını düşünüyor ve çok aşamalar kaydettiğini söylüyor. Sermayesi çok az olan bir bakkaldan,şimdiki markete sahip olmuş.
Maya ‘dan ilk defa kredi kullanıyor. Maya’dan aldığı krediyi sermaye olarak kullanip ,müşterilere daha fazla çeşit ve hizmet sunmak istiyor. Eksik olan malzemelerini alınca, daha fazla satış yaparak daha fazla para kazanmasını ve büyümesini sağlayacak. Eşim çalışıyor ,bende markette bütün gücümle mücadele ediyorum. Bir markette olması gereken bütün ürünleri alıp ,ilerleyen zamanlarda daha büyük market olmayı planlıyorum. Sibel ,sabırlı ve hırslı bir kadın.
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.