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Signing of a Loan Agreement for the Project to Support Micro, Small and Medium Enterprises in Rural Areas of Turkey (Private Sector Investment Finance) : 100th Anniversary of the Establishment of Diplomatic Relations between Japan and Turkey: Contributing to the Improvement of Economic Disparities
On November 5, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Şekerbank Türk Anonim Şirketi, for Private Sector Investment Finance Project.
The loan is co-financed with FMO and Proparco.
Signing ceremony
・Borrower
Şekerbank Türk Anonim Şirketi
・Country (Target Areas)
Republic of Turkey (Rural Areas)
・Loan Amount
Up to 30 million USD
・Project Title
The Project to Support Micro, Small and Medium Enterprises in Rural Areas of Turkey
・Project Purpose
The Project aims to improve access to finance for micro, small, and medium-sized enterprises (MSME) in Turkey by providing loans to Sekerbank, a local commercial bank in the country, thereby contributing to improving access to finance for MSME in rural areas, maintaining and expanding employment, and improving economic disparities between urban and rural areas.
・Project Component
The Project provides loans to be sub-loaned through Sekerbank to MSME in rural areas of Turkey, including areas affected by the Turkish-Syrian earthquake in February 2023, and/or to MSME operated by women.
・Contribution to SDGs
Goal 5 (Gender equality)
Goal 9 (Industry, Innovation and Infrastructure)
Goal 17 (Partnerships for the Goals)
・Reference
This project is positioned under the Facility for Accelerating Financial Inclusion (FAFI), established in May 2023.
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