May 10, 2018 / 12:25 PM / 14 days ago

Turkey's Credit Guarantee Fund signs €300 mln loan deal with EBRD for women entrepreneurs

ANKARA, May 10 (Reuters) - Turkey’s Credit Guarantee Fund (KGF) signed a 300 million euro loan deal with the European Bank for Reconstruction and Development (EBRD) to support women entrepreneurs, the fund said in a statement on Thursday.

The KGF is designed to stimulate the economy by guaranteeing loans to small and medium-sized enterprises that could not otherwise get credit. Its volume was increased by more than ten-fold to 250 billion lira in March 2017. (Reporting by Nevzat Devranoglu; Writing by Tuvan Gumrukcu Editing by Ece Toksabay)

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