Joy Robertson's List: BAYLOR MUN

• list of human rights—right to food, right to shelter, right to health, right to education, many such items which are considered and accepted as bill of rights
• put a right to credit
• people can create their self-employment with that money. If they can create income for themselves, they can take care of right to food, right to shelter much more easily than government can ever do it.
• probably two-thirds of the world population does not have access to financial services
• Money begets money
• If you have that money in your hand, you desperately try to make the best use of it and move ahead. And that's generating income for yourself
• Not every situation should be addressed by charity. And charity always has to be a temporary phenomenon, not a permanent solution.
• "I can take care of myself."
• Eighty-five percent of the microcredit loan recipients are within Asia, probably 10 percent Africa, five percent in Latin America.

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• People who live under the poverty line usually do not have access to financial services and have limited access to basic social services.
• The primary suppliers of microfinance services currently are the state-owned banks, Halk Bank and Ziraat Bank.
• In contrast to most early stage microfinance sectors, NGOs are virtually absent from the market in Turkey.
• Grameen Bank initiative in Diyarbakr and Maya Enterprise for Microfinance
• There is a continued lack of clarity in government policies regarding microfinance and there is no common understanding on microfinance among government, NGOs and private sector. Microfinance type of activities are usually used in Turkey as a tool for government incentives or a tool for income generating activities.
• A central feature of UNDP's presence in Turkey is poverty reduction
• its increased emphasis on engaging the private sector to achieve the Millenium Development Goals (MDGs)

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• Number of active borrowers 2010   42,306
• Average loan balance per borrower USD, 2010   282.7
• Mission:

  Serving poor people across the country by providing micro loans.
• Background and Main Challenges: 

   

   

    TGMP started in 2003 as an Pilot Project with the support of Turkish Foundation for Waste Reduction and Grameen Trust.
• Products: 

   

   

    Basic Loan, Flexible Loan, Short Term Animal Loan, Micro-Enterprises Loan, Micro-Vegitunnel Loan, Struggling Member's Loan

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• Number of active borrowers 2010   1,777
• Average loan balance per borrower USD, 2010
• 464.0
• Mission:

  To provide low-income women with long-term financial services so that they can improve their businesses and their living standards, and become active participants in the economic life of Turkey
• Background and Main Challenges: 

   

   

    Main Challenges:
  - Lack of awareness among community on microfinance and international principles of microfinance
  - Lack of legal regulations
• Products: 

   

   

    1. Group Loans
  2. Individual Loans
  3. Emergency Loans to Existing Clients

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• An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy.
• Turkey's well-regulated financial markets and banking system weathered the global financial crisis and GDP rebounded strongly to 7.3% in 2010
• economy, however, continues to be burdened by a high current account deficit and remains dependent on often volatile, short-term investment to finance its trade deficit

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