Women Entrepreneurs

We support active participation of women in employment and economic life, with the understanding that an inclusive economy where all individuals make use of opportunities equally will be more efficient and can grow faster. Our commitment to gender equality means developing our country in a way that it is beneficial for everyone beyond our Bank. Economic independence has a key role in ensuring gender equality. By providing special financing opportunities for women entrepreneurs in SMEs, which are the drivers of our economy, we support them in developing their business plans in competitive market conditions. We increased the loan amount provided to women customers, whom we categorize as a special customer group in SME Banking, by 28% compared to the previous year, and raised it to TL 4.1 billion by the end of 2017.

Being the first bank to consider women as a different segment, we support women entrepreneurs and help empowerment and raise awareness since 11 years. Our efforts in empowering women entrepreneurs are categorized under 4 topics: “providing finance”, “encouraging”, “training” and “accessing new markets”. Under the education category, as part of Women Entrepreneurs Meetings series that we co-organize with the Women Entrepreneurs Association of Turkey (KAGIDER) we reached nearly 7,000 women in 33 meetings held in 32 cities since 2008 until the end of 2016. Since 2012 in collaboration with Boğaziçi University Lifelong Learning Center, the Women Entrepreneurs Executive School (WEES) continues to provide training for approximately one month to women entrepreneurs free of charge on subjects including innovation, sustainable governance, customer relations and institutionalization. In 2017, 273 women attended WEES training and received certificates. WEES’s 2018 target is to reach 200 women entrepreneurs.  We organized the 11th edition of Turkey’s Woman Entrepreneur Competition in cooperation with the Ekonomist magazine and KAGIDER, which was launched to encourage women by sharing successful role models.

Garanti conducted a Social Impact Analysis with the Social Return on Investment SROI method in order to assess the value and the social impact of 10 ongoing projects in 2016. Facilitates women entrepreneurs’ access to financing, executes free-of charge educational collaborations to ensure sustainability such as Women Entrepreneurs Executive School, and encourages them to realize their full potentials through Turkey’s Woman Entrepreneur Competition. The SROI value of the women entrepreneurship projects was estimated as 2.44.

 

Number of women entrepreneurs participated in Women Entrepreneurs Executive School

2015

300

2016

338

2017

273