IBRD Loan: US$100 million and €101.1 million
Terms: Maturity = 14 years; Grace Period = 5 years
Project ID: P108140
Project Description: The additional financing for the Access to Finance for Small and Medium Enterprises Project aims to increase Turkish SME access to medium-term finance. It will scale-up SME financing not only during the implementation period (2008-2012), but also beyond that period as the Borrower will use the reflows repaid from the initial sub-borrowers to finance new investments before the funds are returned to the World Bank. Such expanded financing responds in particular to the financing constraints due to the impact of the global crisis.
