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Unique Approach of Garanti Bank to Woman Entrepreneurs. First Forum for South East European Women Entrepreneurs September 2010 Istanbul. Our Aim is. Giving woman entrepreneurs managerial and consultancy support t o help them reach a competetive level in global markets!.
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Unique Approach of Garanti Bank to Woman Entrepreneurs First Forum for South East European Women Entrepreneurs September 2010 Istanbul
Our Aim is... Giving woman entrepreneurs managerial and consultancy support to help them reach a competetive level in global markets! To contributeto Turkey’s social and economic development by increasing the number of women entrepreneurs who create economic value.
Opportunity Ratio Belgium 9,14 France 1,62 Russia 1,54 Turkey 0,46 Romania 2,63 Slovenia 3,83 70% Italy 2,96 59% 2,9 U.K. India 1,84 Education Level 25% U.S. 24% 3,01 14% 6% TURKEY EU Secondary School High School University Established Entrepreneurs Early Stage Entrepreneurs Technological Advancement No new technology 89.3 84.2 New Technology (1-5 years) 8.1 14.3 2.4 Latest technology 1.3 Facts of Woman Entrepreneurs Education... Encouragament... • Percentage of the female unpaid family workers to total employed women is49.8% • Percentage of the wage/salaried woman workers to total employed women is33.4% • 59.7%of Turkish woman lives in the rural area • The likelihood of being involved in entrepreneur is three to four times higher for who also are employed in a wage job (whether full or part time) • Age distribution of woman entrepreneurs; 7,6% is 18-24, 44,1% is 25-44 age, 32,5% is 44-64. • After founding company, they will need marketing, finance and technology know-how.
Facts of Woman Entrepreneurs Different Point of View... • More relationship management is needed • Understanding their needs and solution partnership Business • Financial solutions should not only support their cash flow but also, production capacity, product quality and sustainable business development. Approach to financial supports • Confident their own skills and more likely to know other entrepreneurs • More alert to the existence of unexploited opportunities Assessing the opportunities • They connect their business withemotional ties • Their business must go on after them • They want to evolve in sustainableprojects Expectations from their banks
Garanti & Woman Entrepreneurs 1 2 3 Encouragement Education Financial Support Turkey’s Woman Entrepreneur Contest Woman Entrepreneurs Gatherings Woman Entrepreneurs Support Package A Bank A NGO A Bank A NGO A Magazine & Garanti SME Banking Turkey’s Women Entrepreneurs Assosiations (KAGİDER) Garanti & KAGİDER & Ekonomist
RetailBanking PrivateBanking SMEBanking CommercialBanking CorporateBanking European Union 0 – 50 MM EUR Turkey 0 – 25 MM TL Garanti Bank 0 – 10 MM TL Medium Annual Turnover TL3-10Mn Banking volumeTL200 - 600k Credit LimitTL125k - 1 Mn Small Annual Turnover TL 500k- 3Mn Banking volumeTL30 - 200k Credit LimitTL 0-125k Micro Annual Turnover < TL 500k Banking volume < TL 30k Credit Limit 0 Financial Support; Women Entrepreneur Support Package Garanti Bank & SME Banking New Disbursment - # and limit SME Definition Annual Turnover Statistics (since 2006) # of Credit : 10.500 Total Limit : 310 MM TL Garanti SME Definition Products • Woman Entrepreneur Consumer Loan • SME Project Loan (7 year maturity) • Overdraft • Foreign trade services • Letter of credit • POS • Pension Program for Woman Entrepreneurs • Leasing
Education Support ; Woman Entrepreneur Gatherings “ Enlightening Our Women Entrepreneurs Way!... ” Aim • To provide woman entrepreneurs with information on fundamental subjects • Encourage them in creating new opportunities for their businesses • Support them in their personal development. Schedule • Marketing • Finance • Technology • Menagament • A Role Model • KOSGEB Cities 2008 - 2009 2009- 2010 • İzmir • Eskişehir • Adana • Samsun • Kayseri • Manisa • Gaziantep • Konya • Bursa • Edirne
Encouragement ; Turkey’s Woman Entrepreneur Competition 2008 Aim To draw public's attention to woman's "entrepreneur soul", with the aim to help raise their numbers in Turkey to match that of developed countries', thus help increase women entrepreneurs' contribution to the Turkish economy overall. . 2009 Categories • Turkey’s Woman Entrepreneur • Turkey’s Woman Social Entrepreneur Application Criteria • A resident in Turkey • Controlling partner in the company • The Company's annual revenue < 25 MM TL 2010 Statistics • In 2007 ; 113 application from 23 region • In 2008 ; 806 application from 53 region • In 2009 ; 2.119 application • In 2010 ; 3.640 application from 70 region
Other Projects; www.wegaranti.com “The first web site for woman entrepreneurs, prepared by a bank” Woman Entrepreneurs ; • can access all prasentations and videos of Woman Entrepreneur Gathering • Can access all information about Turkey’s Woman Entrepreneur Contest • Can read the stories of Turkey’s Woman Entrepreneur Contest finalists. • Can learn how to benefit from financial supports And; • Can use Woman Entrepreneur Forum to communicate other entrepreneurs
Other Projects for Woman Entrepreneurs Contents of the book;. National Funds and EU Supports for Woman Entrepreneur’s Projects • Which funds can woman entrepreneurs take advantage of? • Tax advantages • Which funds should women entrepreneurs follow? International Women Entrepreneurship and Leadership Summit ~ 2009-2010 • The Summit will bring esteemed women entrepreneurs and leaders together from US, Europe and MENA Regions • Main target audience are women leaders and entrepreneurs who want to improve their knowledge, develop their business and be pioneers for change • Small Enterprises Loan Program II (SELP II) • Overseas Private Investment Corporation (OPIC) Individual Funds “Supporting Women Entrepreneurs: Examples from Turkey”, The UN Session • GarantiBank and KAGİDER were found eligible to attend the 53rd Session of the UN Commission on the Status of Women which took place in the UN Headquarters in March 2009.
7th Annual International Business Awards’ Final results in this year's have been announced, and honorees will be celebrated in Istanbul, Turkey on 27 September 11
Facts of Woman Entrepreneurs 1 Financial Support 3 2 To contribute Turkey’s social and economic development Empowering woman entrepreneurs through entrepreneurship is a “ socail responsibility ” for us... Education Encouragement
GarantiBank & Woman Entrepreneurs... Our Aim To bring Turkish women entrepreneurs together Our Priority Not just financal services and profit ; Social responsibility To increase the number and quality of women entrepreneurs, who create economic value Our Mission We believe that our “ package ” will help women entrepreneurs reach a competitive ability in the international business arena!...
Women Entrepreneurs Gatherings News clippings link Advertisement Sample News Clippings
Women Entrepreneurs Competition Special 8 March Women’s Day Advertisement Invitation letter sent together with a hardcopy application form to 25,000 women in GB’s database Application form Envelope Advertisement announcing winners of the competition Emailing Format TV Band Commercial Application
25 Newspaper Articles have been received, some sample clippings: Women Entrepreneurs Competition
International Woman Entrepreneurship & Leadership Summit Stand at the lobby Summit Poster Garanti’s Adv. as Summit’s Main Sponsor Sample Clipping Notebook for attendees
Woman Entrepreneur Support Package Brochure Poster