After 10 years Saniye decide to open a store. Through the force of her determination, the support of her friends and family, and her economic position, she opened a children’s clothing and novelty shop. For four months she kept going to sell at city markets. She is requesting a loan from Maya, which she will use to buy more types of children’s clothing for her shop, increase the customer capacity of the store, and make it more visually appealing. Her goal is to buy more products, expand her business, and open a wholesale store in the future. Eventually she wants to open a children’s clothing factory and start mass production.
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.
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