By Didem Demircan | Coordinator
Dear KEDV supporters,
Despite the more stable political context after the national elections in Turkiye in May 2023, the communities are still struggling to meet ends due to the very high inflation that has been going on for months now, increasing prices and the VAT of the most essential goods, increasing prices of energy, devaluation of Turkish Lira. These factors, and the cost of living crises brought with it, once again showed how important women’s micro businesses are in ensuring that families earn enough income to live a decent life.
Since our last report in June 2023, we were able to raise 1015 USD to give micro loans to 10 women entrepreneurs. The businesses that were supported were either homebased, in shops, or in the market place. They included knitting, running a fish, fruits and vegetables shop, producing pet toys, selling food supplements, and producing dried food, souses and jams. The women were able to buy inputs for their production activities and the items to sell with the help of the loans.
We see how vital the micro businesses are for low income women and the impact the micro loans have in supporting women in continuing and improving their businesses. The need for small loans is even more as the poverty is expanding in line with the increase of the prices and decrease of the purchasing power. We would be grateful if you could continue to spread the word and share the project link in your networks.
Warm regards…
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