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SELP
Small Enterprises Loan Programme Turkey

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  • İşbank opens a branch to serve to companies with foreign capital-09.01.2011
  • Hakan Binbaşgil is appointed as Chief Executive Officer of Akbank-05.01.2012

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Testimonials

  • A Commercial Banking Regional Sales Manager at Isbank

    SELP trainings contributed a lot to personal development of Isbank staff in my region. All staff who

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The Small Enterprises Loan Programme (SELP II), initiated by the European Union, was implemented in co-operation with the Turkish Treasury, the Council of Europe Development Bank (CEB) and the KfW - Entwicklungsbank. The Programme is designed for making a contribution to small business finance and to the strengthening of the financial sector. Technical assistance services are delivered by Frankfurt School of Finance and Management.

SELP II supports the Turkish Government's policy towards job creation and labor market stability as well as small enterprise (SE) development. SEs play a vital role in the Turkish economy. It is estimated that SEs count for more than 90% of all enterprises in the country and stand for more than 70% of employment.

SELP II builds on the previous SELP I programme, initiated in 2003 in Kocaeli, Izmir and Gaziantep. It was commenced in January 2008 and extended its services to Central, Eastern and Southern Anatolia.

Under SELP II, small loans up to EUR 50,000 are extended to SEs through a variety of partner banks. It is intended to attract additional social and private investors and to gradually expand the scope of services to provide for long-term investments.
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