IBRD LOAN: US$190 million
TERMS: Grace Period = 15 years; Maturity = 5 years
PROJECT DESCRIPTION: The objective of this project is to increase opportunities for Small and Medium Enterprises (SMEs) in Turkey to obtain credit, while contributing to their growth. By providing SMEs with access to credit, the project will help increase the sales and productivity of Turkish SMEs. The project will also provide credit to regions in the east, southeast, and center of the country, where credit is less developed. This will help ensure that these areas are not left behind and that the credit and productivity gaps between more and less advanced regions are closed.