The Turkic Investment Fund will contribute $10 million to syndicated financing for Türkiye’s Şekerbank, local media report, citing the fund’s first financing operation in the country.
Şekerbank announced a five-year, $170 million facility from seven international institutions and investors, arranged by FMO.
The funding targets rural micro and small businesses, women entrepreneurs, sustainable agriculture and green projects. The fund also intends to support customers developing trade and joint ventures with partners in member countries. The arrangement provides financing through a bank, rather than direct grants to entrepreneurs.
