After our last report in November, new measures were introduced by the government due to increases in the number of cases in Turkey. As of March, a color coding system was introduced, grouping the cities in 4 grades depending on the severity of the pandemic. The restrictions imposed in each city is determined according to the color code of the city. State still is not providing any economic stimulus for the micro and small enterprises or self-employed. Hence, the micro loans KEDV provides for women entrepreneurs is even more important.
Thanks to our donors through GlobalGiving since November 2020, 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 9 more women. Their businesses vary from knitting adult and children sweaters to selling cosmetics, sewing curtains, selling parquet, kitchenware, producing decorative items, producing food. 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.
Since June 2015, KEDV raised a total of USD41,000 through GlobalGiving. 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.