EMPOWERING WOMEN · and prosper with an initial capital investment of just 500 TRY. Therefore,...

ANNUALREPORT

2018

EMPOWERING

WOMEN

OUR WORLD LEADER

Once poverty is gone, we’ll need to build museums to display its horrors to future generations. They’ll wonder why poverty continued so long in the human society - how a few people could live in luxury while billions dwelt in misery, deprivation and despair.

“

Prof. Muhammed YUNUSNobel Laureate

Founder of Grameen Bank

”

2018 ANNUAL REPORT - 1

OUR FOUNDER

Nobody should be given grants except to sick, old and disabled individuals. Government budget alone is not enough as a solution for social problems. ”“

Prof. Dr. Aziz AKGÜLTurkish Foundation For Waste Reduction

Chairman of the Board of Trustees


INTRODUCTION

The philosophy of the microcredit system is that the credit is a basic human right. While commercial banks give out credit

depending on the securities and guarantees provided, microcredit program is based on giving microcredit to the human being. The higher guarantees, the higher your credit limit becomes when you are applying for credit at a commercial bank. When you are applying for credit at a commercial bank, the amount of your guarantees determine your credit limit. Higher guarantees mean higher credit allowance in traditional banking while in the microcredit system “the less you have, the higher priority you have” understanding is followed.

On July 18th, 2003, microcredit application started off in the field with 500 TRY cash cheques each at a total amount of 3.000 TRY. The cheques were handed to its recipients by President Recep Tayyip Erdoğan who was the Prime Minister at the time. However, nobody in Turkey believed that any business can grow and prosper with an initial capital investment of just 500 TRY. Therefore, Prof. Aziz Akgül provided $10.000 of initial capital to the program and began implementing the microcredit application. As of December 31st, 2018, the total distributed amount of microcredit is 809.500.106 TRY given to more than 180.000 financially challenged women micro-entrepreneurs (nearly 700.000 people

with their families) as a small capital.

Our inspiring leader Nobel Laureate Prof. Muhammad Yunus’ microcredit application which he pioneers around the world was initially launched in Turkey on July 18th 2003 in the province of Diyarbakır. The first cheques were handed by President Recep Tayyip Erdoğan who was the Prime Minister at the time and apparently in 64 provinces and 93 branches, the program is maintaining very successfully.

In the name of reducing poverty, granting citizens a continuous financial aid with no re-pay is not a viable solution. In this perspective, citizens who are unable to work due to old age, illness or being handicapped should be given all sorts of financial aid as well as their other basic needs should be covered by the government as civic duty. As for the people who are able to work, should be provided with a small capital as means of participating in an income generating activity and without begging for money from others.

Halil Fatih AKGÜL TİSVA Secretary General


IT’SMORETHAN

A LOANWE ARE EMPOWERING WOMEN

TO PARTICIPATE FULLY IN ECONOMIC LIFE


MERYEM BALTASİVAS

64CITIES

₺809.500.106LOANS DISBURSED TO WOMEN

173.471WOMEN SERVED

93BRANCHES


Dilber Sevim, 50-years old; mother of six children, is a micro-entrepreneur who believes that working diligently

will bring certain success. After divorcing her husband, she spent 3 years working as a babysitter. With the help of the money she saved and the support of the microcredit, she opened a small shop and started her first business. Thanks to the regular attendance of the meetings, she proved herself and was entitled to receive a higher amount of microcredit. With the last microcredit she received and her savings, she has purchased 30.000 TRY worth of machines and has opened the carpet washing facility. Nowadays, she is so busy that she cannot keep up with the workload.

IF A WOMAN REALLY WANTS SOMETHING, IS DETERMINED AND DOES NOT GIVE UP DESPITE ALL THE DIFFICULTIES, THERE IS NOTHING SHE CANNOT ACCOMPLISH.

”

“

DİLBER SEVİM BATMAN BRANCH

EMPOWERING WOMEN


MEDİNE ŞENGÜLDraper

TURKISHGRAMEENMICROFINANCEPROGRAM (TGMP)HAS TAKEN THE LEADIN PROVIDING FINANCIALSERVICES TO WOMENLIVING IN POVERTYTHROUGHOUT TURKEY


EMİNE ERELFruit Seller

In the name of poverty reduction, grants only is not an adequate solution. From this perspective; While we believe that it is a duty of humanity that all the cash and in-kind needs of the elderely, sick and disabled people should be met, the people who can work can be given a small capital and they should be able to perform their own income-generating activities without cadging.

Turkish Grameen Microfinance Program (TGMP) is a non-profit economic foundation. Instead of traditional donations and charity, TGMP offers “microcredit” services to help reduce poverty in Turkey. The goal of the microcredit system is to help low-income women engage in sustainable income-generating activities and contribute to their family budgets.

GRANT IS NOT ALONG-TERM SOLUTION

WE OFFER WOMEN A HAND UP, NOT A HANDOUT


MICROCREDIT APPLICATIONWomen who want to use microcredit create a group of 5 women each. The group is based on trust and past relationships with other women. Microcredit does not require any sort of collateral and court proceedings are not followed if loan is not repaid. Trust and belief in each other is an essential component of microcredit.

OUR SERVICES

The purpose of microcredit is to facilitate those who are unable to obtain loans from the banks and support them in the participation of income generating activities.

Microinsurance

There are five types of microcredit within the scope of TGMP’s projects: Basic Loan, Entrepreneurial Loan, Animal Husbandry Loan, Social Development Loan and Communication Loan.

Micro-housing insurance is home insurance for microcredit members. Insurance guarantees homeowners up to 15.000 TRY. Insurance also guarantees tenants up to 10.000 TRY in damages caused by fire, floods, storms and other natural disasters.

Microinsurance is a personal accident insurance including accidental death, permanent disability, terrorism and natural disasters such as earthquakes guarantees members up to 10.000 TRY by paying only 1 TRY per month.

Credits

MicrocreditMicro-Housing

Insurance

Women who want to use microcredit create a group of 5 women each. The group is based on trust and past relationships with other women. The group receives training of almost 1 hour daily for 3 days and learns about the features and conditions of microcredit. Afterwards, the group becomes eligible to receive the microcredit.

Group meetings are held with Field Supervisors every week, training is continued, social relations with other groups are strengthened and credit collections are made.

Women continue to receive ongoing training and support at weekly meetings. Women who received basic credit; pays the loan in a timely manner and, if she attends the meetings regularly, she becomes entitled to receive larger amount of credit in the second year.

Thanks to the microcredit to be received by the woman, transition from housewife to businesswoman is started. The woman now becomes a person who contributes to her family’s income and helps the children to grow up better, to educate and to nourish.

GROUP CREATION WEEKLY MEETINGS CONTINUOUSSUPPORT

INEVITABLESUCCESS

OUR MODEL FOR SUCCESS


MICROCREDIT TYPES

BASIC LOANIt is the main microcredit type of TGMP. All micro-entrepreneurs can receive their first microcredit as a basic loan. The basic credit limit is between 1.000 TRY and 5.000 TRY and is repaid within 46 weeks. All micro-entrepreneurs can increase their limits for their next microcredit, provided that they stay in the same system and perform regular repayments. In this microcredit system, micro-entrepreneurs can also withdraw the amount they paid after 26 weeks from the date they received their credit. 10% service fee and 5% Banking and Insurance Transactions Tax (BITT) are taken over microcredit used by micro-entrepreneurs.

ENTREPRENEURIAL LOANTGMP also applies a different microcredit program for skilled, successful, hardworking and experienced micro-entrepreneurs. Entrepreneurial loans can be given to micro-entrepreneurs who complete a year by taking a basic loan. 10% service fee and 5% BITT is taken over microcredit used by micro entrepreneurs and repayment is made within 46 weeks.

ANIMAL HUSBANDRY LOANTGMP introduced the animal husbandry loan in 2009. This microcredit is provided to every micro-entrepreneur who wants to get a job in animal husbandry and breeding especially in rural areas and has a limit of 5.000 TL. This loan is given 6 months before the Festival of Sacrifice. 10% service fee and 5% BITT are taken over the loan received from micro-entrepreneurs. Repayments are completed by weekly installments in 26 or 46 weeks.

SOCIAL DEVELOPMENT LOANIt is the type of microcredit given by TGMP in order to maximize social benefit and to support women with low income to carry out additional income generating activities besides microcredit. 10% service fee and 5% BITT is received for this microcredit type. Repayments are completed within 46 weeks.

COMMUNICATION LOANCommunication credit is a type of microcredit that is intended to eliminate digital inequality and to ensure that all low-income women have a telephone. 10% service fee and 5% BITT are taken. Repayments are completed within 46 weeks.


SMALL LOAN SIZESIn the microcredit system, an initial credit is given from the range of 100 TRY - 1.000 TRY. After that year, with reference to the accumulation of capital and success of the business the limit of the microcredit is increased.

SHORT REPAYMENT CYCLESOur repayment cycles are 46-weeks long, enabling micro-entrepreneurs to repay their loans quickly and receive larger loans after successful repayment.

THE SECRETS TO OUR SUCCESS

HIGH-TOUCH MODELOur micro-entrepreneurs meet with our staff every week, and these face-to-face meetings build trust and enable members to receive regular training in business and finance.

SOCIAL COLLATERALWe do not require our micro-entrepreneurs to have financial collateral or credit histories and instead emphasize a social contract that holds women accountable to each other.

FATMA AYGÜNGreenhouse Owner


Güldeste Mahmutoğlu settled in the city of Kursk, Russia with her family due to the Revolution in Uzbekistan in

1989. She, then, moved to Azerbaijan because she could not find the life she was looking for in Russia. 4 years later, the Karabakh war broke out and they had to immigrate to Bursa province of Turkey. However, they were still having financial troubles. Mahmutoğlu opened a workshop with the money she saved for 2 years, was soon deceived by her client and as a result went bankrupt. Right about during these period, she heard about the microcredit application from her friend in the neighborhood and immediately applied. In 2012, she purchased a sewing machine with her first microcredit of 1,000 TRY and started to sew wedding dresses at home. In a short period of time, she closed her loan debt and improved her success rate by getting higher amounts of loans. In 2012-2019, she used a total of 22,000 TRY microcredit and managed to close her loan debt which was a total of 100,000 TRY. Nowadays, she lives a comfortable life with a profit of 5,000 TRY per month.

PEOPLE ARE AFRAID OF NOT KNOWING, BUT THANKS TO THE MICROCREDIT, I KNOW THAT I WILL NOT BE ALONE AND HELPLESS IN THE FUTURE.

”

“

GÜLDESTEMAHMUTOĞLU

BURSA BRANCH

EMPOWERING WOMEN


3.48532.02435.509

Since 2003

173.471WOMEN SERVED

This Year Only

35.509Women

2018 BY THE NUMBERS

In 2018

6.633Women

Took Their Steps Into

Micro-Entrepreneurship

For The First Time

0

10.000

20.000

30.000

40.000

50.000

60.000

70.000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Number of Micro-Entrepreneurs On The Waiting List

Number of Micro-Entrepreneurs Received Microcredit


IN TOTAL SINCE 2003

₺809.500.106LOANS DISBURSED

₺107.194.960in 2018

2018 BY THE NUMBERS

Amount Of Loans Disbursed By Year (Million TRY)

₺74

₺122

₺191

₺272

₺374

₺482

₺595

₺702

₺810

₺33₺48

₺69₺81

₺102 ₺108 ₺113 ₺107 ₺107

₺0

₺100

₺200

₺300

₺400

₺500

₺600

₺700

₺800

₺900

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Total Disbursed Yearly Disbursed


In 201832.024 Women

Received Microcredit

Each Micro-Entrepreneur

Received an Average Loan of

₺3.347 TRY

2018 BY THE NUMBERS

Average Amount of Credit Per Person by Year

₺0

₺20

₺40

₺60

₺80

₺100

₺120

₺0

₺500

₺1.000

₺1.500

₺2.000

₺2.500

₺3.000

₺3.500

₺4.000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Mill

ion

TR

Y

Total Amount of Microcredit Disbursed in a Year Amount of Microcredit per Micro-Entrepreneur


8 1525

39

60

124

194210

250

309323

297 292283

218206

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

2018 BY THE NUMBERS

Number of Employees by Year

Number of Branches and Employees by Year

Our Journey Started in 2003 With Only 8 Employees and 2 Branches,By The End of 2018 We Have Reached 206 Employees in 93 Branches.

In The Last 10 Years

the Number of Branches and

EmployeesIncreased by

190% and

67%Respectively

2 2 36

15

32

56

65

79

95

104108 110

98 9893

0

50

100

150

200

250

300

350

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Em

plo

yees

Number of Branches Number of Employees


ANTALYA284 Active916 Micro-Entrepreneurs3,244 Million Liras Disbursed

İZMİR295 Active1.698 Micro-Entrepreneurs5,412 Million Liras Disbursed

DİYARBAKIR3.604 Active16.689 Micro-Entrepreneurs101,670 Million Liras Disbursed

KAHRAMANMARAŞ3.801 Active30.707 Micro-Entrepreneurs78,198 Million Liras Disbursed

AYDIN1.759 Active6.897 Micro-Entrepreneurs30,805 Million Liras Disbursed

HATAY1.874 Active5.597 Micro-Entrepreneurs27,887 Million Liras Disbursed

GAZİANTEP1.599 Active6.607 Micro-Entrepreneurs31,429 Million Liras Disbursed

ŞANLIURFA1.110 Active7.038 Micro-Entrepreneurs26,222 Million Liras Disbursed

ADANA1.291 Active2.975 Micro-Entrepreneurs14,059 Million Liras Disbursed

SAMSUN1.076 Active2.351 Micro-Entrepreneurs14,274 Million Liras Disbursed

BURSA1.039 Active6.253 Micro-Entrepreneurs22,981 Million Liras Disbursed

Microcredit application which is pioneered by Founder of Grameen Bank, Nobel Laureate Prof. Muhammed Yunus, was launched in Turkey on 18th July, 2003, when the member of the parliament in the 22nd term, Prof. Dr. Aziz Akgül who is the Chairman of the Turkish Foundation for Waste Reduction (TİSVA) distributed 500 TRY cash cheques each to 6 women in Diyarbakır with a total amount of 3.000 TRY. Microcredit is being successfully implemented by 93 branches in 64 provinces of Turkey.

EXPANDING GEOGRAPHIES


ERZİNCAN470 Active1.200 Micro-Entrepreneurs9,308 Million Liras Disbursed

İSTANBUL214 Active5.380 Micro-Entrepreneurs14,966 Million Liras Disbursed

ANKARA452 Active2.136 Micro-Entrepreneurs9,173 Million Liras Disbursed

RİZE435’i Active1.800 Micro-Entrepreneurs9,125 Million Liras Disbursed

KONYA306 Active1.414 Micro-Entrepreneurs5,415 Million Liras Disbursed

MERSİN515 Active1.097 Micro-Entrepreneurs4,261 Million Liras Disbursed

# CITY NAME # CITY NAME

1 Adana (2 branches) 33 İzmir

2 Adıyaman 34 Kahramanmaraş (5 branches)

3 Afyonkarahisar 35 Karaman

4 Aksaray 36 Kastamonu

5 Amasya 37 Kayseri

6 Ankara 38 Kırıkkale

7 Antalya 39 Kırklareli

8 Artvin 40 Kırşehir

9 Aydın (3 branches) 41 Kilis

10 Balıkesir (2 branches) 42 Kocaeli (2 branches)

11 Batman 43 Konya

12 Bilecik 44 Malatya

13 Bingöl 45 Manisa (2 branches)

14 Burdur 46 Mardin (2 branches)

15 Bursa (4 branches) 47 Mersin

16 Çanakkale 48 Muğla

17 Çankırı 49 Muş

18 Çorum 50 Niğde

19 Denizli 51 Ordu

20 Diyarbakır (5 branches) 52 Osmaniye

21 Edirne 53 Rize

22 Elazığ 54 Sakarya

23 Erzincan (2 branches) 55 Samsun (2 branches)

24 Erzurum 56 Sinop

25 Eskişehir 57 Sivas

26 Gaziantep (2 branches) 58 Şanlıurfa (2 branches)

27 Giresun 59 Şırnak

28 Hâkkari 60 Tokat

29 Hatay (3 branches) 61 Trabzon

30 Iğdır 62 Van

31 Isparta 63 Yozgat

32 İstanbul (7 branches) 64 Zonguldak

64CITIES

93BRANCHES


BRANCHES OPENED BY GRANTORS’ SUPPORT

We believe that grants must be limited to the elderly, sick and disabled people who cannot work. In this regard, by opening new branches of Turkish Grameen Microfinance Program which was implemented to be able to help women to create their own income generating activities in a more dignified manner, it will be possible to reach about 10 million poor people and 3,2 million families according to TurkStat data. Thus, it could make a significant contribution to the reduction of poverty.

TODAY YOU CAN HELP ONE OF OUR MICRO-ENTREPRENEURS!

To support our micro-entrepreneurs,Account Name: Türkiye İsrafı Önleme Vakfı

Bank Name - Branch: Ziraat Bankası - Gaziosmanpaşa Ankara BranchIBAN:

TRY: TR 63 0001 0022 1104 1793 0360 18USD: TR 36 0001 0022 1104 1793 0360 19

EURO: TR 09 0001 0022 1104 1793 0360 20

THANK YOU FOR YOUR SUPPORT

Below are the branches built entirely by donations.

# BRANCH NAME1 ABDULKADİR AKSU SUR / DİYARBAKIR MICROFINANCE BRANCH

2 AHMET KAYA BAĞ YALVAÇ / ISPARTA MICROFINANCE BRANCH

3 ALİ RIZA TODUK BAFRA / SAMSUN MICROFINANCE BRANCH

4 ASIM KOCABIYIK AFYONKARAHİSAR MICROFINANCE BRANCH

5 AYŞE IŞIL COŞKUN ZAİM EYÜP / İSTANBUL MICROFINANCE BRANCH

6 AYTEN COŞKUN EĞİN BAŞPINAR KEMALİYE / ERZİNCAN MICROFINANCE BRANCH

7 BORUSAN GEMLİK / BURSA MICROFINANCE BRANCH

8 EYÜP CENAP GÜLPINAR SİVEREK / ŞANLIURFA MICROFINANCE BRANCH

9 FEYYAZ BERKER KONYA MICROFINANCE BRANCH

10 GALİP ÖZTÜRK SALIPAZARI / SAMSUN MICROFINANCE BRANCH

11 HAMDİ AKIN KAYSERİ MICROFINANCE BRANCH

12 HÜSNÜ ÖZYEĞİN ERGANİ / DİYARBAKIR MICROFINANCE BRANCH

13 KIZILAY HÂKKARİ MICROFINANCE BRANCH

14 KIZILAY CİZRE / ŞIRNAK MICROFINANCE BRANCH

15 MEHMET NAZİF GÜNAL GİRESUN MICROFINANCE BRANCH

16 MV HOLDİNG BALIKESİR MICROFINANCE BRANCH

17 NİHAT GÖKYİĞİT ARTVİN MICROFINANCE BRANCH

18 RAMAZAN ÖZ İSKENDERUN / HATAY MICROFINANCE BRANCH

19 SEMA DOĞAN SARIYER / İSTANBUL MICROFINANCE BRANCH

20 SOSYAL MARKET VAKFI BEYOĞLU / İSTANBUL MICROFINANCE BRANCH

21 TEKFEN VAKFI SOMA / MANİSA MICROFINANCE BRANCH

22 TEKFEN VAKFI MERSİN MICROFINANCE BRANCH

23 TURGAY CİNER ELBİSTAN / KAHRAMANMARAŞ MICROFINANCE BRANCH

24 TURKCELL VAN MICROFINANCE BRANCH

25 VEHBİ BİLGİN ELAZIĞ MICROFINANCE BRANCH

26 VUSLAT DOĞAN SABANCI BAĞCILAR - ÇATALCA / İSTANBUL MICROFINANCE BRANCH

27 YILMAZ AKPINAR EDREMİT / BALIKESİR MICROFINANCE BRANCH


SADET SONGÜLESKİŞEHİR BRANCH

Sadet Songül supported her husband with her dowry lace and braids for many years, while raising her two children.

But she had bigger dreams for a better life and a better future. To persuade these dreams, she started taking courses of public education but soon after she met microcredit. She began to pursue her dreams by taking her first loan as soon as possible. In 2013, she and her friends founded the Eskişehir Women’s Manual Support Association, which is now supporting women up to 200. In 2016 she participated in weaving courses and learned the intricacies of the work and was connected with love to weaving. Nowadays, her products are of great interest from all domestic and foreign tourists.

THANKS TO MICROCREDIT, I AM NOW AN INDEPENDENT INDIVIDUAL. I HAVE CONTROL OVER MY OWN LIFE, AS I’VE NEVER HAD BEFORE.

”

“EMPOWERING WOMEN


Ages 18-22 (1,4%)

Ages 23-29 (11,3%)

Ages 30-39 (30,3%)

Ages 40-49 (29,2%)

Ages 50-59 (17,7%)

Ages 60-64 (4,8%)

Age 65 and Above (5,3%)

MARRIED (65,28%)

SINGLE (34,72%)

Total 173.471

Married 113.249

Single 60.222

ACTIVE (20,49%)

PASSIVE (79,51%)

Total 173.471

Active 35.538

Passive 137.933

Micro-Entrepreneurs by Age Range

MICRO-ENTREPRENEURS STATISTICS

Total 173.471

Average Age 42

Ages 18-22 2.491

Ages 23-29 19.529

Ages 30-39 52.557

Ages 40-49 50.656

Ages 50-59 30.681

Ages 60-64 8.306

Age 65 and Above 9.251


Uneducated (54,54%)

Elementary Education (21,07%)

Secondary Education (7,9%)

Highschool (12,89%)

Bachelor and Above (3,6%)

0 to 1 Year (7,6%)

2 to 3 Years (10,2%)

4 to 5 Years (16,7%)

6 to 7 Years (30,4%)

8 to 9 Years (25,8%)

10 to 11 Years (7,8%)

12 Years or More (1,4%)

Micro-Entrepreneurs by Number of Years of Staying Active

Educational Level of Micro-Entrepreneurs (Actives Only)

Total 173.471

Average 4,09

0 to 1 Year 13.270

2 to 3 Years 17.759

4 to 5 Years 29.048

6 to 7 Years 52.722

8 to 9 Years 44.739

10 to 11 Years 13.488

12 Years or More 2.445

Total 35.509

Uneducated 19.365

Elementary 7.482

Secondary 2.806

Highschool 4.576

Bachelor and Above 1.280


2018 BY THE NUMBERS

100%Repayment

Rate

₺13.805.899,68Total Amount of Savings Made by Micro-Entrepreneurs In 2018

In 2018, We Made

2,039Women Phone Owner Through

Communication Credit

1Woman We Had a Problem With

In 2018,There WasOnly

In 2018,

2.184 WomenDecided to UseMicrocredit Again 23 of Our

Micro-Entrepreneurs Accompanied Us Since

2003, The Year We Were Founded,And Celebrated The

15th Anniversary of TheirMicrocredit Adventure With us

In 2018 There Were

172Micro-Entrepreneurs

per Employee; 382 per Branch

We’ve Impacted

700,000 Lives in Total


COMMERCE (34,38%) PRODUCTION (34,01%)

BUSINESS OWNERSHIP (20,12%) ANIMAL HUSBANDARY (7,58%)

SERVICES (2,09%) AGRICULTURE (1,82%)

It is seen that our micro-entrepreneurs are using their microcredit in a few different areas such as production, commerce, business owner, services, animal husbandry and agriculture. Sectoral distribution chart of Turkish Grameen Microfinance Program’s micro-entrepreneurs is as follows.

ANIMAL HUSBANDRYSome business areas are cattle breeding, goat fattening and chicken breeding.

COMMERCESome business areas are cosmetics, jewelry sales and towel sales.

PRODUCTIONSome business areas are sewing embroidery, towel edge production, hat making.

SECTORAL DISTRIBUTION

AGRICULTURESome business areas are apple cultivation, potato breeding, tea breeding.

SERVICESSome business areas are shoe painting, clock repair, pancake and dough making.

BUSINESS OWNERSHIPSome business areas are tailor shop, delivery shop, ravioli shop.


Master's Degree (3,41%)

Bachelor's Degree (42,71%)

Associate Degree (37,38%)

High School (16,02%)

Middle School (0,48%)

MARRIED (63,11%)

SINGLE (36,89%)

FEMALE (69,89%)

MALE (30,11%)

Educational Level of the Employees

HUMAN RESOURCES

Number of Employees

Total 206

Female 144

Male 62

Total 206

Married 130

Single 76

Total 206

Master’s Degree 7

Bachelor’s Degree 88

Associate Degree 77

High School 33

Middle School 1


Ages 18 - 22 (1,94%) Ages 23 - 28 (24,27%)

Ages 29 - 36 (52,43%) Ages 37 - 42 (16,51%)

Age 43 and Above (4,85%)

Number of Employees by Working Time

Number of Employees by Age Range

0 to 1 Year (21,84%)

2 to 3 Years (10,68%)

4 to 5 Years (18,45%)

6 to 7 Years (22,81%)

8 to 9 Years (17,48%)

10 Years or More (8,74%)

Total 206

Average Year 5

0 to 1 Year 45

2 to 3 Years 22

4 to 5 Years 38

6 to 7 Years 47

8 to 9 Years 36

10 Years and More 18

Total 206

Average Age 33

Ages 18-22 4

Ages 23-28 50

Ages 29-36 108

Ages 37-42 34

Age 43 and Above 10


DISTRIBUTION OF OUR EMPLOYEES

Micro-Entrepreneurs per Employee by Year

Number Of Employees By Title

Central Organization

General Manager 1

Assistant General Manager 1

TİSVA Secretary General 1

Director 4

Assistant Director 3

Senior Expert 3

Expert 4

Regional Manager 10

Office Manager 1

Provincial Organization

Senior Branch Manager 2

Branch Manager 65

Assistant Branch Manager 39

Field Manager 37

Assistant Field Manager 34

Transportation Officer 1

TOTAL: 206

166

192

162

190

276

234

217223 219

213

199

182190

133

159

172

0

10

20

30

40

50

60

70

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Act

ive

Mic

ro-E

ntre

pren

eurs

(Tho

usan

ds)

Number of Micro-Entrepreneurs per Employee Total Number of Micro-Entrepreneurs

Regional Distribution ofEmployees

Central Organization

Headquarters 18

Directorate General of Headquarters 10

Provincial Organization

TGMP Ankara Region 16

TGMP Bursa Region 15

TGMP Diyarbakır Region 21

TGMP Hatay Region 24

TGMP İstanbul Region 6

TGMP Kahramanmaraş Region 28

TGMP Muğla Region 21

TGMP Samsun Region 20

TGMP Sivas Region 16

TGMP Van Region 11

TOTAL: 206


Ayla Yilmaz embraced life with four hands and reached the achievements that most people could not even imagine,

despite all the difficulties in her life. Yılmaz, who had difficulty finding a job due to her physical disability, started to make handicrafts instead of getting desperate. In 2012, she entered business life by receiving her first 700 TRY microcredit. Ayla Yılmaz, who used a microcredit of 15,300 TRY in total between 2012 and 2018, has stated that she has generated about 36,240 TRY from the microcredit she has used. Ayla Yilmaz, a woman with disabilities and determination, who has nothing but only a business idea, is now a successful businesswoman who is generating 600 TRY per month from the production of noodles today.

I WANTED TO SUCCEED WITHOUT ANY HELP FROM MY IMMEDIATE FAMILY. THANKS TO MICROCREDIT, I SHOWED PEOPLE THAT BEING DISABLED IS NOT AN OBSTACLE TO LIFE.

”

“

AYLA YILMAZKARAMAN BRANCH

EMPOWERING WOMEN


Financial Statements (TRY million) 2017 2018 Change

Revenues 15.740 16.304 4%

Operating profit 3.743 3.092 -17%

Profit before tax 2.484 3.921 58%

Net profit 1.916 3.037 58%

Total assets 50.063 50.680 1%

Total equity 34.633 20.128 -42%

Operating profit / Revenues 23,8% 19,0% 4,8 point

Return on equity 5,2% 15,1% 9,9 point

Operating profit / Total assets 7,5% 6,1% -1,4 point

Current ratio 3,6 5,1 1,5

Total liabilities / Total equity 0,4 1,5 1,1

Sustainable and High Performance

2014 2015 2016 2017 2018

29,1

33,635,9 34,6

20,1

2014 2015 2016 2017 2018

-0,34

2,12

0,97

1,92

3,04

2014 2015 2016 2017 2018

46,1

51,1 51,5

47,448,1

Total Shareholders’ Equity (TRY million)

Net Profit(TRY million)

Loan Portfolio(TRY million)

TRY 20.1 million 58%2018 annual increase

TRY 244.2 millionThe sum of the last five years

Financial Summary

FINANCE


0

-13.502

9.976 11.170

-130.283

-712.980

-1.086.383

-678.997

889.407

1.326.916

229.394

-336.536

2.121.008

973.608

1.916.105

3.036.801

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Sustainability (TRY)


Branch Expenses (66,81%)

Operating Expenses (30,97%)

Financing Expenses (1,17%)

Other Expenses (1,05%)

₺12.4 MILLIONTOTAL EXPENSES

Service Fee (89,04%)

Sales Revenue (4,19%)

Extraordinary Income (3,83%)

Other Income (2,94%)

₺16.3 MILLIONTOTAL INCOME

Loan Portfolio (million TRY)

0,121,50 2,00 1,50

2,70

6,38

11,82

18,40

27,40

40,15

42,91

46,09

51,13 51,54

47,3948,08

₺0

₺10

₺20

₺30

₺40

₺50

₺60

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

2018 Income and Expenses


Microcredits Are Being Digitized with Turkcell.Turkcell supports TISVA with the next-generation payment platform “Paycell” and digital authentication service “Fast Login” to become the first non-governmental organization that fully operates in the digital environment.

Turkcell has created a new payment system through digital payment platform “Paycell” and digital authentication service “Fast Login” for Turkish Foundation for Waste Reduction (TISVA) which aims to empower women with low income through microcredit application.

According to Turkcell, the company is taking a new step in its collaboration with TISVA, which is carrying out the microcredit application for low-income women in Turkey, within the framework of social responsibility.

The digitalization project, which was initiated in the 15th year of TISVA’s foundation, will be launched in 2019. As a result of the project; TİSVA will have the title of the first fully digitally operated foundation in Turkey. Microcredit will be disbursed with special cards called “Paycell Card” to low-income women by TISVA in 64 provinces and 93 branches. Through the use of the Paycell Card API, microcredit disbursement and collections can be made in digital environment instead of using physical money.

In this digital transformation move, Turkcell’s “Fast Login” technology will also be used to make members login to mobile applications faster and safer. Thanks to the Turkcell Fast Login system, which makes a difference as a secure digital identity solution in mobile and online services, a platform which micro-entrepreneurs can examine their accounts at any time will be built. This, eventually, will also help to improve our principles about transparency and accountability.

DEBIT CARDLOAN REPAYMENT


SWITCHING FROM PASSBOOK TO NFC TECHNOLOGY

In 2009 and before, microcredit collections were made by TGMP employees in physical environment on passbooks. This method resulted in human error, time loss and inefficient collection of information. In 2010, the system of collections made through passbooks was removed and the system was moved to POS system. The aim of the transition to this system was to record the operations electronically and to eliminate the problems that may arise from human error. In addition, the system with POS device reduced the time required for the collection and made the collection process more reliable. However, this system was inadequate in line with the objectives of TGMP as a modern microfinance institution compared

to existing technologies. For this reason, in 2013, TGMP terminated the collection system with the POS devices and switched to digital collection system called NFC (Near Field Communication). This system enables our micro-entrepreneurs transfer money using their NFC cards through NFC compatible phones owned by every employee. Thanks to this system, the collection information of Micro-entrepreneurs is transferred online to the Damlabank data system and all transaction details are reported via SMS to each of our micro-entrepreneurs. In this way, human error is minimized in transactions, saving time and paper as well.


MERYEM ALPASLAN

ARTVİN BRANCH

Mary Alpaslan, mother of six children, is engaged in animal husbandry and agriculture. Alpaslan, whose adventure

with microfinance began in 2016, continues to multiply her success day by day and set an example for many women. Besides being successful, she is also very bright and cheerful. In 2016, Mary Alpaslan, who supplies agricultural materials with her first microcredit of 700 TRY, then purchased 4 goats with her next credit. Now she has 5 bovine and 40 ovine animals and continues to expand her business with microcredit.

AFTER ALL THE TROUBLES I’VE BEEN THROUGH, I STARTED MY OWN BUSINESS BY USING MICROCREDIT. THANK YOU FOR HOLDING MY HAND ON MY BAD DAYS.

”

“EMPOWERING WOMEN


Some of the individuals, institutions and organizations that made in-kind, financial aid/donations for our cause:

Abalıoğlu YemAbdullah OğuzbaşAbidin ÖzkayaAçık Toplum EnstitüsüAdil KoçAdıyaman İl Özel İdaresiAdıyaman Mahalli İdareler FonuAfyon İl Özel İdare FonuAgritrade Tarım ÜrünleriAhmet GümüşçüAhmet Kaya BağAhmet MercanAk Parti Meclis Grubu Huzur HaklarıAkfen Holding A.Ş.Aksaray İl Özel İdare FonuAksoğanlar A.Ş. FonuAksu Maden FonuAli BaktırAli Emre Kaan SabancıAli İsmail SabancıAli KaleAltınordu BelediyesiAmasya İl Özel İdare FonuAsım KocabıyıkAydın İl Özel İdare FonuAydın Ticaret BorsasıAyşe Işıl ZaimAytekin ÇonkurAziz AkgülAziz Akgül FonuBahri ÇiviciBalıkesir İl Özel İdare FonuBaşaranlar İnşaatBaştuğ Metalurji Sanayi A.Ş.Batı Ege GayrimenkulBatman İl Özel İdare FonuBatman Pemi FonuBegümhan Doğan FaralyalıBekir ÖzsaraçBereket EnerjiBilecik İl Özel İdare FonuBingöl İl Özel İdare FonuBingöl Sodes Projesi FonuBitlis İl Özel İdare FonuBorusan Holding A.Ş.Boydak Holding A.Ş.BRJ Kredi Dağıtım FonuBülent EczacıbaşıBülent TanilliBurdur İl Özel İdare FonuBursa İl Özel İdare FonuÇankırı İl Özel İdare FonuCey-Kar A.Ş.Citi FoundationÇorum BelediyesiÇorum İl Özel idare FonuDenizli Belediyesi

Denizli Belediyesi FonuDenizli İl Özel İdare FonuDiyarbakır Sodes FonuDiyarbakır ValiliğiDoğuş OtoDuran AralEcem ErşekerEdirne II Özel idaresiElâzığ İl Özel İdare FonuEman TurEnerjiSAErcan AlagözErkut KorkmazErpa HastanesiErsan Madeni EşyaErzincan İl Özel İdare FonuErzincan Sodes Projesi FonuErzurum İl Özel İdare FonuEskişehir İl Özel İdare FonuEyüp Cenap GülpınarFatih KaraFeyyaz BerkerFinansbankGalip ÖztürkGaziantep İl Özel İdare FonuGaziantep Sodes Projesi FonuGrameen-Jameel FonuHakkâri İl Özel İdare FonuHamdi AkınHanzade Vasfiye Doğan BoynerHarun DurakHasan Serhan SüzerHaşim KılıçHatay İl Özel İdare FonuHSBCHüsnü Özyeğinİbrahim EzinçIğdır İl Özel İdare Fonuİlhan Baloğluİran Bağışİsken Enerji Üretimİskenderun İl Özel İdaresi FonuİŞKUR Enerji A.Ş.İsmail KavuncuIsparta İl Özel İdare Fonuİzmir SanayicilerKahramanmaraş BelediyesiKahramanmaraş İl Özel İdare FonuK.Maraş Sosyal Yardımlaşma VakfıKahramanmaraş Ticaret OdasıKahramanmaraş ValiliğiKaraman Belediyesi FonuKaraman İl Özel İdare FonuKastamonu BelediyesiKeramettin OtursunKipaş A.Ş.Kırıkkale İl Özel İdare Fonu

Kırklareli İl Özel İdare FonuKırşehir İl Özel İdare FonuKlass Dış Ticaret Ltd. Şti.Kütahya İl Özel idare FonuLeyla AlatonLimak Holding A.Ş.Lütfi ÇarşıbaşıM. Kemal BaşmısırlıM.V Holding A.ŞMalatya BelediyesiMalatya İl Özel İdare FonuManisa İl Özel İdare FonuMardin İl Özel İdare FonuMehmet BüyüksimitçiMehmet İlgüMehmet Nazif GünalMehmet ÖzbıyıkMehmet SarıalpMPR PazarlamaMuğla İl Özel İdare FonuMurat ÖzyeğinMuş Sodes FonuMustafa Kemal SaçmacıMustafa Nebi DoğanMustafa TokgözMuzaffer AkpınarNazife ErNazilli BelediyesiNeşe RacıoğluNevbahar Koç - Ali KoçNiğde İl Özel İdare FonuNihat GökyiğitNihat ÖzdemirNokta Kom MedyaNorm Sanayi Dış Ticaret Bağış HesabıNuh Mehmet AktaşNuri ÜysenÖmer SabancıOrdu İl Özel İdare FonuOsman ÖzgürOsman UlubaşOsman Yıldırım CoşkunOsmaniye İl Özel İdare FonuOsmaniye Türk Yerel Hizmet SenÖzpak GıdaPark TeknikPetek PastanesiRal Geri Dönüşüm A.Ş.Recep AtakaşRecep MamurReyhanlı BelediyesiRize İl Özel İdare FonuRize Valiliği Hizmet VakfıRotary Kulübü FonuRüştü GüngörSakarya İl Özel İdare FonuSamsun İl Özel İdare Fonu

Şanlıurfa İl Özel İdare FonuSarıkaya Sosyal Yardımlaşma FonuSebahat BaşmısırlıSedat BöyükSefes TurizmSelim AkınSema DoğanSemra ÇapakSerpil IrmakShamrock TekstilSinop İl Özel İdare FonuŞırnak İl Özel İdare FonuSivas İl Özel İdare FonuSiverek Sodes Projesi FonuSosyal Market Vakfı FonuSpintek İletişim A.Ş.TAV Yatırım Holding A.Ş.TBMM Bağışı - AdanaTBMM Bağışı - MersinTekfen Holding A.Ş.Tekfen VakfıTevfik ÖzTokat İl Özel İdare FonuTokat KalptenTosyalı Holding A.Ş.Tower Bridge International Services LPTrabzon BelediyesiTrabzon İl Özel İdare FonuTuba BüyükkeçeciTülay Aksoy FonuTülay UlusoyTurgay CinerTürk TelekomTurkcellUnited Way WorldwideVehbi BilginVuslat Doğan SabancıWhole Planet FoundationYazıcı Demir Çelik A.Ş.Yeşim Toduk - Ali Rıza TodukYıldız TuncayYonpaş Orman ÜrünleriYozgat İl Özel İdare FonuYüksel İnşaatYuma İnşaatZeki KebeciZonguldak İl Özel İdare Fonu


BOARD OF TRUSTEESProf. Dr. Aziz AkgülPresident, Faculty Member,Business Man, 22. Term Congressman

Ajlan SunayMember, Owner of Polifoni İstanbul Reklam ve İletişim Hiz. Ltd. Şti. Reklam,Social Entrepreneur

Ahmet YılmazAnkara Regional Manager

Zeynep CengizBursa Regional Manager

Mehmet AyDiyarbakır Regional Manager

Gürcan ÇalarHatay Regional Manager

Burcu Yılmazİstanbul Regional Manager

Mustafa PehlivanKahramanmaraş Regional Manager

Necla AlanMuğla Regional Manager

Yasin KandemirSamsun Regional Manager

İsmail ÇetintaşSivas Regional Manager

Sümeyye ErtanVan Regional Manager

Halil OrhanMember, TGMP General Manager

Halil Fatih AkgülMember, TİSVA Secretary General

Esra YılmazMember, TGMP Finance Director

Prof. Dr. Aziz AkgülPresident, Faculty Member,Business Man, 22. Term Congressman

Dr. Ahmet Kaya Bağ Member, General Manager and of Spintek İletişim Inc. and RİCON Mobileve Chairman of the Executive Board

Halil Fatih AkgülMember, TİSVA Secretary General

Elif Büşra YamanMember, TGMP Assistant General Manager

Filiz GülMember, TGMP Internal Audit and OHS Director

BOARD OF DIRECTORS

REGIONAL MANAGERS


Microcredit applicationhas involved

180 thousand womeninto economic life so far.

EMPOWERING WOMEN · and prosper with an initial capital investment of just 500 TRY. Therefore,...

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Transcript of EMPOWERING WOMEN · and prosper with an initial capital investment of just 500 TRY. Therefore,...