Support 200 Women Start Small Businesses in Turkey

by Kadin Emegini Degerlendirme Vakfi
Vetted

Summary

This project will provide 200 low income women in Turkey basic training on gender and financial literacy and initial loans for their micro businesses for one year. In Turkey, only 29,5% of women are participating in the labor force (the lowest rate among OECD countries) and this project, by providing the necessary basic knowledge and capital, aims to support women in entering into the labor force and earn a decent income by starting and running their own small enterprises.
$70,000.00
total goal
$65,089.00
remaining
36
donors
2
monthly donors
1
year active

Challenge

In Turkey,only 29,5% of women are participating in the labor force, lowest rate among OECD countries. Women are excluded from work force due to low education, gender roles, insufficient skills, insufficient care services, increasing unemployment rates,etc. Entrepreneurship can provide means for economic empowerment of women, however women in Turkey are also excluded from the formal financial services (67% of women are unbanked) and don't have access to or fulfill collateral requirements of loans

Solution

Entrepreneurship is important for economic empowerment where employment opportunities for low income women are low. Micro finance can provide the necessary capital for low income women to start and run their businesses. However, there are only 2 micro finance institutions in Turkey and both of them lack the finances to meet the demand from women. With this project, 200 more women will be supported in entering into the labor market by starting their own small businesses and earn a decent income

Long-Term Impact

This project will enable the training of 200 women on basic financial literacy and will provide them with micro loans for their businesses. This will support them to earn a decent income and economically empower. It is a proven fact that women invest their income in their families and children. Hence, it can be expected that not only the women that get the support, but also their children and their families will have better living conditions in the long term.

Resources

http:/​/​www.kedv.org.tr/​

Organization Information

Kadin Emegini Degerlendirme Vakfi

Location: Istanbul - Turkey
Website: http:/​/​www.kedv.org.tr/​
Project Leader:
Didem Demircan
Istanbul, Turkey

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.