Turkish Grameen Microfinance Program
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 | $2,809,430 | $2,061,903,305 | |
| Amount of raised Inactive loans | $300 | $352,250 | |
| Number of raised Inactive loans | 1 | 281 | |
| Amount of Paying Back Loans | $976,080 | $151,797,905 | |
| Number of Paying Back Loans | 3,468 | 180,904 | |
| Amount of Ended Loans | $1,833,050 | $1,864,459,045 | |
| Number of Ended Loans | 5,607 | 2,517,152 | |
| Delinquency Rate | 0.01% | 11.55% | |
| Amount in Arrears | $94 | $10,581,884 | |
| Outstanding Portfolio | $572,396 | $91,634,086 | |
| Number of Loans Delinquent | 5 | 34,376 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $34,072,925 | |
| Number of Ended Loans Defaulted | 0 | 91,307 | |
| Currency Exchange Loss Rate | 11.87% | 0.47% | |
| Amount of Currency Exchange Loss | $333,778 | $12,915,654 | |
| Refund Rate | 0.00% | 0.55% | |
| Amount of Refunded Loans | $0 | $11,263,070 | |
| Number of Refunded Loans | 0 | 9,868 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 99.96% | 78.52% | |
|---|---|---|---|
| Average Loan Size | $310 | $393 | |
| Average Individual Loan Size | $310 | $585 | |
| Average Group Loan Size | $0 | $1,914 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $19,600 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 1.58% | 7.03% | |
| Average Time to Fund a Loan | 5.85 days | 9.14 days | |
| Average Dollars Raised Per Day Per Loan | $52.91 | $43.02 | |
| Average Loan Term | 12.08 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 0 | 1,229,646 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 41.94% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
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 | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 0.27% | N/A | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | 4.00% | 0.00% |
Country Fast Facts
- Country:
- Turkey
- Capital:
- Ankara
- Official Language:
- Turkish (official), Kurdish, other minority languages
- Population:
- 81,619,392
- Avg Annual Income:
- $19,600
- Labor Force:
- agriculture: 25.5%, industry: 26.2%, services: 48.4%
- Population Below Poverty Line:
- 2.30%
- Literacy Rate:
- 95%
- Infant Mortality Rate (per 1000):
- 21.43 deaths
- Life Expectancy:
- 74.54 years
Lending Partner Staff
Beyza ÇelikBilge Dündar
Tutku Güner
Nilsu Harman
Aslıhan Köksal