News Column

Provision of Turkey Women in Business Technical Cooperation Programme

May 8, 2014



Expressions of interest for Provision of Turkey Women in Business Technical Cooperation Programme. The European Bank for Reconstruction and Development (the EBRD, the Bank) and the Turkish Ministry of Labour and Social Security have established the Turkey Women in Business (WiB) Programme (the Programme), the purpose of which is to: - Support women-led Small and Medium Sized Enterprises (SMEs) in accessing finance for their sustainable growth and job creation; - Develop sustainable credit mechanisms targeted to women-led SMEs through technical assistance to Turkish financial intermediaries; - Support women-led SMEs in accessing know-how, non-financial business development services and networking opportunities; and - Help improve human resources at women-led SMEs. The aim of the Programme is to promote women%s entrepreneurship and access to finance, and more broadly women%s participation in business, through the development of a strong WiB SME sector in Turkey, by facilitating access to finance and advice for women-led SMEs. EBRD credit lines in the amount of EUR 300 million, to be complemented by an additional funding of EUR 100 million from Participating Financial Institutions (PFIs), will be combined with a portfolio-based, risk-sharing mechanism and a technical cooperation (TC) package for PFIs, with links to the EBRD%s Small Business Support (SBS) programme specifically targeting women-led SMEs. It is envisaged that up to six PFIs will participate in the Programme. The 2011 Global Partnership Financial Inclusion (GPFI) shows a global unfunded credit gap of over USD 300 billion per annum for by women-led SMEs to sustain and grow their businesses. While there are no estimates of the financing gap for women-led SMEs in Turkey, the data available point to significant unmet financial needs for this market segment. The financing gap, in particular, is a major obstacle in the development of start-ups, as well as in the transition of women-led SMEs from small to medium-sized businesses. Lack of adequate finance (as per short tenures, excessive collateralization, etc.), coupled with specific behavioural attitudes and limited access to know-how, limit the growth potential of women-led SMEs, de-facto constraining them to the micro and small segments of SMEs and often in low value-added, low productivity sectors.

Major organization : EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)

Address : One Exchange Square London EC2A 2JN

Country :United Kingdom

Email : vasiliag@ebrd.com

Tender notice number : 43301

Notice type : Prequalification

Open date : 2014-05-28



Tender documents : T22125236.pdf


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Source: TendersInfo (India)