EFSE Invests EUR 20 Million in Yapı Kredi Leasing to Expand Financing to MSEs and Rural Businesses in Turkey
The European Fund for Southeast Europe (EFSE) has provided a senior loan of EUR 20 million to longstanding partner Yapı Kredi Leasing. The investment aims to support the ability of micro and small enterprises (MSEs) and rural businesses in Turkey to continue operations in an economic environment made difficult by the COVID-19 crisis.
Yapı Kredi Leasing is the largest leasing provider in the country, with significant outreach to MSEs and rural businesses. An EFSE partner since 2014, the company has demonstrated a high commitment to supporting the fund in its mission to expand financial inclusion in the region. The new EFSE loan will be used to boost new sub-leases for micro and small enterprises, an important economic segment that is being especially affected by the economic ramifications of the COVID-19 outbreak.