Our Project in Turkey

The Project aims to empower refugees and the local host communities with the knowledge, skills and means to better manage their finances, realize economic opportunities and link them to Turkey’s financial system.

Based on the experience of its first project and on extensive research on the needs and supply of financial services, Sparkassenstiftung decided to expand its support to more partners and topics covering a larger target group in initially 4 pilot areas. The project “Financial Inclusion for Refugees and Host Communities in Turkey” was approved by the German Federal Ministry for Economic Cooperation and Development (BMZ) for the period from May 2019 throughout December 2022, with a possible extension until end 2025. 

The project aims to improve the living conditions of refugees and hosting communities in Turkey by giving them the knowledge, skills and means to better manage their finances and to create economic opportunities. Sparkassenstiftung offers the target group a comprehensive program of training and coaching starting with basic financial literacy, continuing with various additional training modules on business skills and ending with coaching potential entrepreneurs in the process of starting or expanding their business and linking them to Turkey's financial institutions and services.

About BMZ:

An overarching aim of German policy is to help developing countries build robust social market economies. That is why the BMZ supports private-sector initiatives to promote the market economy – for example, by assisting with the setting up of proper organizational structures. To this end, German trade associations and other business membership organizations cooperate with partner organizations in developing countries – for example with local chambers of commerce as well as trade and small business associations.

By getting organised, private sector players in developing countries can help eliminate red tape and combat corruption. Building up networks that provide members with information and represent their interests to outsiders boosts the competitiveness of SMEs.

For further information

Target Group and the services that will be given


Sparkassenstiftung Turkey is working with different governmental and non-governmental partner institutions to implement the Project. These partner institutions are:


Ministry of National Education with two different directorates - General Directorate for Technical and Vocational Education (TVET) and General Directorate for Lifelong Learning (LLL). In TVET schools trainings about financial and entrepreneurial literacy are provided by specially trained teachers. Potential entrepreneurs are directed to further trainings. In LLL Public Education Centers trainings are conducted for potential start-ups and existing entrepreneurs with the possibility to access working and investment capital through partners like KOSGEB and TGMP.


TGMP (Turkish Grameen Microfinance Program) is providing funds to Start-ups and existing microentrepreneurs. Our cooperation includes the training of TGMP’s staff and clients, support in professionalization of lending operations and the integration of Syrian microentrepreneurs in the clients group. A small Rotating Credit Fund was established together with TGMP in order to bolster investments and ensure sustainability of the entrepreneurs.

These mentioned and eventually more institutions will be implementation partners during the project, either by cooperating in training and coaching the target group or by providing funding for entrepreneurs with promising business models. Sparkassenstiftung is an active member of the Livelihoods Working Group where various Turkish and international ministries and organizations are coordinating their activities.