Turkish Grameen Microfinance Program (TGMP)

Turkish Grameen Microfinance Program (TGMP)

Lending Partner since 2021 • Turkey
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Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
General Financial Inclusion
Default Rate:
0%
Currency Exchange Loss Rate:
10.85%
Total Loans Raised:
$4,530,205
Loans at Risk Rate:
0.69%
Kiva Borrowers:
13,282
Delinquency Rate:
0.05%
Interests and Fees:
N/A

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 institution established in 2003, operating as Turkey's first microfinance provider. With a mission to improve the economic and social status of low-income women across the country, TGMP offers financial services and vocational support to women in underserved communities, including rural areas not reached by formal financial institutions. Notably, TGMP has extended its outreach beyond Turkish women to also serve Syrian refugees who have settled in Turkey, making it one of the few organizations willing to support this particularly vulnerable population.


A unique lending approach:

Kiva funding allows TGMP to scale its support for both Turkish women entrepreneurs and Syrian refugees looking to start or grow small businesses. TGMP uses a group lending model to reach borrowers in some of the most underserved communities across the country, fostering peer accountability and making credit accessible to those who would otherwise have no viable financing options. This approach helps women build economic independence and contributes to stronger, more resilient communities in both rural Turkey and among refugee populations.