Blockchain solution for microfinance.
28.08.2019
Middle
East and North Africa (MENA) region is one of the largest microfinance
institutions in Turkey Grameen Microfinance Program (GT), using the blockcha
technology focuses on solving the problem of financial inclusion across the
globe.
Turkey
Grameen Microfinance Program (GT), the Middle East and North Africa (MENA) and
Grameen Trust, one of the largest microfinance institutions in the field
partner. Since 2003, continued its microcredit activities of Turkey Waste
Prevention Foundation Microcredit Center, low-income women's economic life have
provided to be included in the Turkey with microcredit for all low-income
families, providing appropriate financial services by women, for them to have
no activity on their own income encourages. In this way, it aims to improve
their economic and social situations and ensure financial sustainability.
Currently, TGMP operating in Turkey and 96 branches across 64 provinces.
According to TGMP's loan payment statistics, the amount of microcredit
distributed has exceeded TL 875 million and has enabled more than 185,000 women
with low incomes to participate in business life.
TGMP
produces a variety of innovative technological solutions that will affect the
international microfinance system. In line with this mission, TGMP aims to
combine the MicroCreditCoin (MCC) e-Market Place Platform with social business,
microcredit, e-commerce and crypto-money markets to provide a platform to
contribute to a world without poverty. MCC e-Marketplace Platform focuses on
solving the problem of financial inclusion worldwide by applying blockchain
technology in the field of microfinance. The MCC e-Marketplace Platform aims to
remove barriers to financial participation and ensure access to financial
services for individuals without bank accounts. The main purpose of the MCC
e-Marketplace Platform is to maximize goodness rather than maximize profit. At
this point, the organization was awarded the Nobel Peace Prize. Muhammad Yunus,
"to make money is a happiness, to make other people happy is super happiness,"
he has identified as a guide.
