We have provided support to SMEs in the provinces affected by the earthquake centered in Kahramanmaraş on February 6, 2023 and contributed to the reconstruction of the region with the flexibilities provided and the resources we have allocated.
Ufuk Metal’s video showing the project’s contribution to increase their employment capacity and post-earthquake recovery process with the support received under the FOSTER Project in Kahramanmaraş has been published.
Building on the experience and success of the FOSTER I Project, the “ Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye II – FOSTER II” Project was officially launched on January 30, 2025, at the KOSGEB Headquarters!
During launch event, which brought together distinguished project partners and stakeholders, the Project Components were introduced.
The FOSTER II Project, with a budget of 66.8 million Euros, will be implemented in 20 provinces (Ankara, Adana, Adıyaman, Batman, Bursa, Diyarbakır, Gaziantep, Hatay, Istanbul, İzmir, Kahramanmaraş, Kayseri, Kilis, Kocaeli, Konya, Malatya, Mardin, Mersin, Osmaniye, and Şanlıurfa).
The project aims to support SMEs, increase employment opportunities for our citizens, and continue to promote formal employment for foreigners under temporary and international protection.
The KOSGEB delegation, led by Vice President Mr. Bilal Kendirci, came together with the SMEs benefitting from the Employment Committed SME Support Programme, within the scope of FOSTER Project in Adana, Mersin, Gaziantep, and Şanlıurfa.
During the visits, SMEs benefiting from the Employment Committed SME Support Programme gave feedback on the monitoring and payment processes, and SMEs stated that the supports are very valuable in terms of increasing their production and employment capacities and strengthening their competitiveness levels.
The Kick-off Meeting of the Strengthening the Private Sector to Promote Social and Economic Cohesion in Turkey (FOSTER) Project II was held on 6 March 2024 at KOSGEB Headquarters in Ankara.
The FOSTER II Project aims to contribute to the strengthening of the private sector and the creation of new employment positions by increasing access to finance for SMEs operating in the provinces where the project is implemented to promote the social and economic cohesion of foreigners under temporary or international protection.
FOSTER Project is financed by the European Union, managed by KfW Development Bank, and implemented by KOSGEB.
Employment Committed Sme Loan Finance Programme Has Been Launched
Applications have been launched for the Employment Committed SME Loan Finance Programme as part of “Empowering the Private Sector to Foster Social and Economic Cohesion in Türkiye-FOSTER” Project which is financed by the European Union (EU), managed by the KfW Development Bank and run by KOSGEB.
Eligible SMEs located in Adana, Ankara, Bursa, Gaziantep, Hatay, İstanbul, İzmir, Kahramanmaraş, Kayseri, Kilis, Kocaeli, Konya, Mardin, Mersin and Şanlıurfa shall apply to the Interest/Profit Share Programme which will cover 40% of the financing cost of loans obtained from partner banks.
Eligible SMEs shall apply to the Interest/Profit Share Programme through the branches of the partner banks listed below:
For the application criteria and other details:
Interest/Profit Share Subsidy Programme
FOSTER project, which came to life with the Grant and Project Implementation Agreement signed on January 13, 2021 between the Ministry of Industry and Technology and the KfW Development Bank, was introduced to the stakeholders with an opening ceremony held in Şanlıurfa on February 23, 2022.
On February 22, 2022, the day before the Launch Event in Şanlıurfa, the contents of the designed products and planned activities of the Project were shared with KOSGEB Specialists working in Provincial Directorates. During the information meeting, the IC Senior Consultants took their recommendations and answered their questions.
Launch Event, which is one of the important visibility activities of the FOSTER Project has taken place as a half day event with around 115 participants on February 23,2022 in Şanlıurfa. Representatives from EU, KfW Development Bank as well as Turkish GOs, public agencies, NGOs and other relevant stakeholders have attended to the meeting.
Mr. Faruk Kahvecioğlu, Vice Project Director, gave a presentation on the project, which was followed by a panel discussion with a focus on SMEs, refugee integration and formal employment. Mr. Erdal Koçoğlu, Team Leader of Frankfurt School, chaired the panel, which included Mr. Mahmut Saatçi, President of MÜSİAD Şanlıurfa; Mr. Metehan Özcan, Head of Department, MoLSS DGILF; and Mr. Ahmet Gönüllü, Frankfurt School Senior Banking Expert.
Mr. Kirk Mildner, Director of the KfW Ankara Office; Mr. Andre Lys, Head of Financial Cooperation at the EU Delegation to Turkey; and Mr. Bilal Kendirci, KOSGEB Vice President, gave closing remarks.
The press release of the event can be downloaded from the link below.
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