TGMP was founded in July 2003 by the Turkish Foundation for Waste Reduction (TISVA, as its Turkish acronym is known) as a BOT (Build-Operate-Transfer) in partnership with Grameen Trust.
Based in Ankara, its vision is “to create a poverty-free Turkey where all low-income people have the opportunity to improve their economic welfare through affordable financial services.”.
Towards this goal, TGMP endeavors to improve the economic and social conditions of low-income families throughout Turkey by providing appropriate financial services, small business skills, and encouragement to women entrepreneurs.
TGMP is the second established NGO in Turkey to practice microfinance, yet it is the largest in terms of number of customers, portfolio size and number of branches. From 2003 to 2012, TGMP has disbursed over TL 164.5 million (US $92.4 million) to over 93,000 borrowers. Currently, TGMP has 61,034 members. As of July 2012, TGMP had an outstanding credit portfolio of over TL 34 million (US $19.1 million). TGMP currently has 90 branches throughout Turkey, with a high concentration in the higher-poverty regions of the south and east.
Besides traditional microloans, TGMP also offers non-loan products. TGMP launched its microinsurance program in December 2011. This microinsurance program costs members TL 12 (US $6.74) per year and offers a payout of TL 10,000 (US $5,619) in the case of death, temporary or permanent injuries due to accidents, and a handful of other cases including natural disasters.
TGMP became a Grameen-Jameel partner in March 2010. It has received an initial grant to support the portfolio growth and received a direct loan of USD 2 million local currency financing to further support portfolio growth. A second loan of USD 1 million local currency was disbursed to TGMP on November 2011.Grameen-Jameel has also provided technical assistance to help TGMP build its capacity.
For further information on TGMP, please refer to their website: http://eng.tgmp.net/