OUR SERVICES

Turkish Grameen Microfinance Program (TGMP) is a non-profit economic institution. Instead of traditional “donation” and “charity” activities to alleviate poverty in Türkiye, TGMP offers “microcredit” services. The purpose of microcredit system is to help financially challenged women to engage in sustainable income-generating activities and contribute to their family budgets.
Unlike commercial banks, microcredit is a service offered to micro-entrepreneurs without requiring collateral or any type of documents other than their ID cards.

 

Introductory Loan

 

Introductory Loan aims to make a smooth transition for financially challenged women who are ready to engage in income-generating activities and introduced to the microcredit system for the first time. Introductory Loan has a minimum limit of TRY 1,000 and upper limit of TRY 5,000 to be repaid in 30 weeks with 18% service fee including Banking and Insurance Taxes (BITT).

Fundamental Loans

  1. Business Loan is a type of loan with a minimum limit of TRY 4.000 and an upper limit of TRY 8.000. Business Loan is collected in 40 weeks with a total service fee of 30% including BITT..
  2. Basic Loan is a type of loan with a minimum limit of TRY 1,000 and an upper limit of TRY 15,000 with a grace period of 4 weeks after the loan is disbursed. Basic Loan is collected in 45 weeks with a total service fee of 35% including BITT.
  3. Development Loan is a type of loan given to micro-entrepreneurs who are in the micro-credit system for 5 years and over, who use their financing in line with their micro-credit purpose and contribute to their family and national economy by engaging in income-generating activities. For Development Loan, the minimum limit is TRY 10,000 and the upper limit is TRY 12,000. Development Loan is collected in 40 weeks with a 28% service fee including BITT.

 

Business Loans

  1. Entrepreneurial Loan is a type of loan given to micro-entrepreneurs who are taxpayers and have proven their success by using their micro-credit financing to grow their business in addition to the loan they have received. Entrepreneurial Loan has a minimum limit of TRY 1,000 and upper limit of TRY 15,000 collected in 45 weeks with 35% service fee including BITT..
  2. Growth/Happytalist Loan is a type of loan given to micro-entrepreneurs who have increased their income above the poverty threshold and by experiencing this happiness, are motivated to become a trader and want to grow their commercial activities. Growth / Happytalist Loan is provided for micro-entrepreneurs who have benefited from Fundamental Loans (Basic Loan, Business Loan and Development Loan) with a total limit of TRY 10,000. Growth / Happytalist Loan has a minimum limit of TRY 15,000 and upper limit of TRY 30,000 and collected in 50 weeks. In order to benefit from Growth / Happytalist Loan, micro-entrepreneurs must be registered to Chamber of Commerce or Chamber of Merchants and Craftsmen.

Social Business Loans

 

Social Development Loan: In addition to other loan types, acting with the slogan “Social Business for Good”, Social Development Loan is a type of loan given to micro-entrepreneurs who wish to involve in commercial activities in order to generate additional income. Social Development Loan includes different products ranging from cleaning products to cosmetics.

 

Technology Loan is a type of loan given to micro-entrepreneurs who are the most affected by the digital divide problem in Turkey are provided with financial support to access communication tools via Technology Loan. Financially challenged women who own a smart phone via Technology Loan repay their loans with service fees.

 

Social Development Loans Service Fee Rates and Repayment Weeks

 

Social Development Loans Service Fee Rates and Repayment Weeks
Price of Product Service Fee including BITT Repayment Weeks
TRY 1,500 and under 10% (24 Weeks)
TRY 1,500 – 3,000 15% (36 Weeks)
TRY 3,001 and above 20% (48 Weeks)

 

Other Services

 

Mini-insurance:It is the personal accident insurance in which micro-entrepreneurs pay only 30 TL per year and are covered with 10.000 TL in case of accidental death and permanent disability.

 

Mini-housing: Micro-housing is a house insurance that provides micro-entrepreneurs coverage for damages caused by fire, flood and storms  up to TRY 15.000 for homeowners and TRY 10.000 for tenants by paying only TRY 35 per year.

 

Voluntary Savings: Low income-women are encouraged to deposit at least TRY 1 per week into their voluntary savings accounts in order to raise awareness of saving.