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Turkish government empowers women-owned businesses

Turkish government empowers women-owned businesses
Over 55,000 women-owned enterprises receive support worth $250M in last 5 years

By Erhan Cihan Unal and Dilara Zengin

ANKARA (AA) - The Turkish government's initiatives have supported over tens of thousands of women-led businesses in the last five years.

The Small and Medium Enterprises Development Organization of Turkey (KOSGEB) has helped 55,046 women-owned enterprises with over 1 billion Turkish liras (around $252 million) from 2015 to 2019.

This support in terms of finances increased five-folds in the year 2019 to reach 298.3 million ($52.5 million), according to data compiled by Anadolu Agency.

Additionally, the figure of enterprises which benefited for KOSGEB tripled in the period from 5,681 to 14,978.

The organization also lent support to 1,121 enterprises owned by disabled persons with 19.25 million Turkish liras ($4.9 million) during the same period.

Cevahir Uzkurt, the head of KOSGEB, told Anadolu Agency that this support will only increase in the years to come.

He added that they train women and disabled persons for entrepreneurship via online channels and in the process economically empowering them.

*Writing by Gokhan Ergocun from Istanbul

source: News Feed
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