Our last report to our donors was in March 2021. Since then, the Turkish government first introduced limited freedom on mobility, then imposed a three-weeks lock down, then went back to limited measures and restrictions, and finally removed all the restrictions due to the pandemic in July. The economy of the country was impacted by the restrictions and this also impacted the businesses of low income women that we support. The government did not provide any economic stimulus for the micro and small enterprises or self-employed. Hence, the micro loans KEDV provide for women entrepreneurs are very important in sustaining the micro businesses of low income women.
Thanks to our donors through GlobalGiving since March 2021, we were able to continue our micro lending activities to low income women. With the donations made in the past 4 months, KEDV was able to give micro loans to 6 more women. Their businesses vary from knitting adult and children sweaters to selling kitchenware, producing home accessories and hair accessories from dried and artificial flowers, organizing events, producing wedding gifts. The women were able to sustain their businesses, support their cash-flow, buy products for their shops and materials and machinery for their productions with the help of the loans.
In the last 4 months, KEDV was able to raise 2000USD from its donors. In total 208 donations were made to this project since 2015. We are now closer to our target of USD70,000 to be able to support 200 low income women entrepreneurs, but we still have a way to reach it. The need is even more as a result of the economic and social impacts of the pandemic. We would be grateful if you could continue to spread the word and share the project link in your networks.
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