Tisva executives, together with the Nobel Peace Prize recipient and Professor Dr Mohammad Yunus, the world’s founder and leader of Microcredit; launched the Turkey Grameen Microfinance Program in Turkey on 11 June 2003. Tisva President of the Board of Trustees, Prof. Dr. Aziz AKGÜL mentions that as of January 23, 2017, approximately 160,000 poor and lowincome women (about 600,000 people, along with their families) have been reached. As of January 23, 2017, the distributed loan amount is 602 million TL. Below you will find details of this interesting aid and support work presented by TISVA. Why Microcredit? We believe that the reduction of poverty in society can not be solved only through aids in the form of donations. For this reason; while believing that it is a humane duty to go to the homes of
•Elderly people unable to work,
•Patients and handicapped people unable to work,to meet their in-kind and in-cash needs, those people who are able to work should be provided with a small capital so that they can make income-generating activities on their own without opening their hands to another person.
Generally speaking, there is a need for a lifeline or support to be able to turn personal talents into work. The support provided at this point is the Microcredit given as a small capital. Because the most important factor that unemployed and low-income people do not have is capital. It is known that investments, production, and exports must be increased to reduce unemployment and poverty in the long run. However, besides this development, microlevel practices are also needed to see the results of long-term policies. Practice of Microcredit In the microcredit process, 5-people group dynamics are applied, and documents are not required except for the declaration of the person. No collateral and security are requested for members taking microcredit, and no application is made to the executive office or court. In the practice of microcredit practice, lowincome women who have no assets are always a priority in getting credit. The fact that credit is a human right is the basic philosophy of Microcredit. The commercial banks provide credit according to the collateral and the guarantee provided, while the Microcredit Program is based on giving credit to the people. The more collateral you have, the more credit you get from commercial banks. In microcredit, on the other hand, “the less you have, the more priority you have.” The members who are included in the microcredit system are regarded as they have gone on a journey. Because every poor income person in the system continues to receive support until they exceed the poverty line. It is being carried out very successfully in 67 cities in Turkey. We aim to expand the Turkey Grameen Microfinance Program Microcredit application to 81 cities by the end of 2017. With the implementation of the Turkey Grameen Microfinance Program jointly conducted in Turkey with Nobel Prize winner Prof. Dr. Muhammad Yunus, the implementation results are published weekly, and financial reports are published monthly on our website www.tgmp.net. How much Microcredit has been given? Turkey Grameen Microfinance Program provides services on the basis of complete trust without any collateral and securities in 98 branches in 67 cities. As of 23 January 2017, 38.527 active members continue to use credit. Until today, a total of 601,855,260 TL Microcredit has been issued and 100% return rate has been achieved in the microcredits that are due. Awards Received Grameen Microcredit Application being implemented in 175 countries including Turkey;
•Has received the 2006 Nobel Peace Prize.
•Was shown as “One of the Ten Ideas That Changed the World” on the cover of Time Magazine’s 24 March 2008 issue.
•On December 2, 2008, Kahramanmaraş Application of Turkey Grameen Microcredit Program, jointly conducted with Nobel Prize winner Muhammed Yunus, received the European Union Prize among 600 projects submitted to the Council of Europe, with 48 member countries.
•‘Women Power to the Economy Project’, which we conducted in collaboration with Turkcell, was awarded the IPRA Grand Prize at the 2013 IPRA Golden Globe Awards for the most successful corporate social responsibility project in the world.