Turkey Market Profile

October 11, 2014 - 2:17pm from MicroCapital
The European Investment Fund, a member of the European Investment Bank Group providing financing to small and medium-sized enterprises, recently loaned EUR 2 million (USD 2.53 million) to Vitas, a Romanian microfinance institution, through European Progress Microfinance, a microfinance investment vehicle supported by the EU’s European Commission and the European Investment Bank. The loan will be used to provide funding to young Romanian microentrepreneurs who are unable to access ...
October 8, 2014 - 1:02pm from Global development: Poverty matters blog | guardian.co.uk
The rise of emerging economies such as Brazil and China has not only lifted millions of people out of poverty, but offers new opportunities and resources for development elsewhere.China, which is poised to become the worlds largest economy, is now a major source of aid and private investment for development, providing 20% of private foreign direct investment in ...
September 24, 2014 - 5:03am from MicroCapital
The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy sources, has disbursed a senior loan of EUR 2 million (USD  2.6 million) to Microinvest, a microfinance institution (MFI) in Moldova that was founded by Soros Foundation – Moldova, an affiliate of the US-based Open Society Foundations. Microinvest is expected to use the funds from this loan to provide loans to micro- and small enterprises (MSEs) in Moldova for ...
September 18, 2014 - 5:30pm from MicroCapital
Event Name: Mobile Money & Digital Payments Global Event Date: November 18 to November 20, 2014 Event Location: Wyndham Grand Istanbul Levent, Istanbul, Turkey Cost: The cost to attend the event is GBP 1,499 (USD 2,448) for “vendors,” with an early registration rate of GBP 1,249 (USD 2,039) available until October 3, 2014. The rate is GBP 650 (USD 1,062) for “buyers” including participants representing mobile network operators (MNOs), banks and governments, with ...
September 10, 2014 - 6:00am from Global development: Poverty matters blog | guardian.co.uk
During more than a decade of working in parts of the world affected by conflict, I have never been far from sharing food. As an outsider, invariably I have been the guest at a restaurant or the family home of a relative stranger.On occasions, food itself has been the subject of argument. In 2008,
August 22, 2014 - 5:03am from MicroCapital
The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy sources in Southeast Europe, has loaned EUR 15 million (USD 19.9 million) to Yapi Kredi Leasing, a Turkey-based subsidiary of Turkey’s Yapi Kredi Bank, with the aim of expanding Yapi Kredi’s “sustainable long-term energy efficient equipment financing.” Yapi Kredi Leasing leases a variety of products to corporate clients and micro-, small and medium-sized ...
August 19, 2014 - 3:08pm from MicroCapital
Kiva, a US-based nonprofit crowdfunding organization that raises money for microfinance institutions (MFIs), and Grameen-Jameel Microfinance Limited, a Cyprus-based nonprofit joint venture of the US-based Grameen Foundation and Saudi Arabia-based Abdul Latif Jameel Community Initiatives have reportedly entered into a partnership to launch the “Change is in Your Hands” campaign, an initiative which uses the website 
July 25, 2014 - 9:47pm from MicroCapital
AccessBank Azerbaijan, a microfinance bank (MFB) in Azerbaijan, has borrowed USD 15 million from the Green for Growth Fund, Southeast Europe (GGF), a European public-private partnership that focuses on improving energy efficiency and promoting renewable energy sources in Southeastern Europe, with the aim of increasing the AccessBank’s financing of energy-efficient projects. AccessBank is planning to use the GGF loan for on-lending to micro-, small and medium-sized enterprises (MSMEs), ...
July 24, 2014 - 5:50am from MicroCapital
The European Investment Fund (EIF), a provider of finance to organizations that lend to micro-, small and medium-sized enterprises (MSMEs) in Europe, and UniCredit Bulbank, a Bulgarian bank part of UniCredit Group of Italy, have announced a guarantee agreement that will enable UniCredit Bulbank to support increased financial inclusion of approximately 270 microenterprises in the country [1]. Under the guarantee, the European Progress Microfinance Facility (Progress Microfinance), which is ...
July 12, 2014 - 5:03am from MicroCapital
Bank of Georgia, a Tbilisi-based commercial bank that offers corporate and retail banking, wealth management, brokerage and insurance services in Georgia, Ukraine and Belarus, recently borrowed EUR 18.5 million (USD 25.2 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based, government-backed microfinance investment vehicle. The loan will be used for on-lending to approximately 3,000 micro and small enterprises in ...
June 26, 2014 - 12:41am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 35 million (USD 47.5 million) to Garanti Bank Romania, the Romanian arm of the Turkey-based Garanti Bank, to support on-lending to small and medium-sized enterprises (SMEs), including loans totaling EUR 20 million (USD 27.2 million) to companies owned or managed by women. As MicroCapital reported at the time,
June 24, 2014 - 3:27pm from Global development: Poverty matters blog | guardian.co.uk
Global spending on humanitarian relief soared to a record $22bn (£12.93bn) last year as conflicts in Central African Republic, South Sudan and Syria combined with natural disasters such as typhoon Haiyan in the Philippines, drove donors to pay out more emergency aid than ever before.Donations from governments reached $16.4bn (£9.63bn) last year, a 24% rise from 2012 ...
June 18, 2014 - 6:01pm from MicroCapital
The European Investment Fund (EIF), a provider of finance to lenders to micro-, small and medium-sized enterprises (MSMEs), and Libra Internet Bank, a Romania-based bank that conducts the majority of its business online, have signed a guarantee agreement to help Libra lend RON 30 million (USD 9.26 million) to 400 microbusinesses in Romania. Under the agreement, the European Progress Microfinance Facility, which is funded by the EU’s European Commission and managed by EIF, will pay 75 ...
June 4, 2014 - 11:19pm from MicroCapital
The London-based European Bank for Reconstruction and Development (EBRD) is considering issuing a syndicated A/B loan of USD 50 million to provide capital to Azerbaijan-based, “socially oriented” bank DemirBank for “on-lending to micro, small and medium-sized enterprises (MSMEs)”[1] in the country. If the board of EBRD approves the transaction, the institution would fund the “A” portion of the loan from its own resources, while the “B” portion of the loan would be offered by ...
May 25, 2014 - 5:03am from MicroCapital
Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 3 million (USD 4.1 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment vehicle organization promoting economic development. PMCF is to use the facility to finance 5,000 new loans to micro- and small enterprises (MSEs) with the aim of strengthening their financial positions, facilitating growth and creating ...
May 21, 2014 - 5:03am from MicroCapital
Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 4 million (USD 5.48 million) under a senior credit agreement from Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based organization focusing on the use of renewable energy sources and enhancing energy efficiency. The purpose of the facility is to enable PMCF to expand its loan portfolio for households in rural Bosnia and Herzegovina that are aiming to ...
May 20, 2014 - 5:03am from MicroCapital
Event Name: G20 Young Entrepreneurs’ Alliance Summit 2014 Event Date: July 18-22, 2014 Event Location: Sheraton on the Park Hotel, Sydney, Australia Cost: A registration rate of AUD 1,100 (USD 1,030) is charged to entrepreneurs 40 years of age or under (exceptions may be considered), who are founders or majority shareholders of high-revenue or high-potential business ventures. The registration cost is AUD 1,500 (USD 1,405) for “observers” and “sponsored attendees”, ...
May 12, 2014 - 2:21pm from Microfinance Africa
Non-interest banking, otherwise dubbed Islamic banking, was launched in Nigeria a few years ago amid huge expectations that it would enhance financial inclusion and support Nigeria’s developmental objectives. In this interview with Sunday Trust, Lincoln Mali, Head, Personal and Business Banking (West Africa) for Standard Bank, the parent company of Stanbic IBTC, expressed optimism non-interest banking would yet meet the expectations and be hugely successful in Nigeria You recently ...
May 12, 2014 - 2:19pm from Microfinance Nigeria
Non-interest banking, otherwise dubbed Islamic banking, was launched in Nigeria a few years ago amid huge expectations that it would enhance financial inclusion and support Nigeria’s developmental objectives. In this interview with Sunday Trust, Lincoln Mali, Head, Personal and Business Banking (West Africa) for Standard Bank, the parent company of Stanbic IBTC, expressed optimism non-interest banking would yet meet the expectations and be hugely successful in Nigeria You recently ...
May 7, 2014 - 3:00pm from The Microfinance Research Blog
From the US to Turkey to Brazil, established journalists are using their blogs to enhance their reporting in traditional media.