FIF - TAM Factoring - Debt II

Location:

Turkey

Project number:

48259

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Target board date:

18 Oct 2016

Status:

Repaying

PSD disclosed:

20 Jun 2016

Translated version of this PSD: Turkish

Project Description

A senior loan of up to TRY 50 million to TAM Faktoring under the Financial Intermediaries Framework.

Project Objectives

The loan will be used to provide financing to micro, small and medium enterprises (MSME) in Turkey.

Transition Impact

Transition impact is expected to derive from market expansion by providing TAM Faktoring with funding to scale up its MSME factoring activities. The proposed project will improve the access to factoring services for mainly micro and small and medium businesses operating in the regions, which are beyond the scope of the MSME credit lines provided through Turkish commercial banks and other larger factoring companies.

Client Information

TAM FAKTORING AS

TAM Faktoring is an independent factoring company that provides factoring services primarily to micro and small and medium businesses operating in Turkey's regions through a retail branch network of 20 branches.

EBRD Finance Summary

TRY 50,000,000.00

Senior loan

Total Project Cost

TRY 50,000,000.00

Environmental and Social Summary

Categorised FI. The Company will be required to comply with the EBRD's performance requirements 2, 4 and 9 and implement the EBRD's environmental and social procedures for factoring which includes adherence to the EBRD's environmental and social exclusion list. The vompany will submit annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Pinar Kaya
info@tamfaktoring.com.tr
http://www.tamfaktoring.com.tr/en/

Business opportunities

For business opportunities or procurement, contact the client company.

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