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Sustainable Development, Corporate Social Responsibility, And The Micro Finance Practices In Turkey

Author

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  • Betül GUR

    (Istanbul Commerce University)

Abstract

In this study, micro financing activities carried out by the non-governmental organization in the frame of corporate social responsibility are discussed and the effects of these on sustainable development are looked into. In this aspect this study is a first. To fulfill this aim, non-governmental organization such as The Turkish Grameen Bank Microcredit Project (TGMP), Foundation for Volunteers for the Community (TOG), the Micro Credits Project and the Foundation for Valuing Women’s Labor (KEDV) Maya Micro Economic Support Organization and its micro financing applications have been taken as examples. The results of the surveys given out at the multiple branches of TGMP, TOG ve KEDV branches in Turkey have been statistically and comparatively analyzed. The analyses point out that employment was created and women’s enterprises were supported via the micro financing projects. Both economic and humanitarian contribution to the sustainable development was made possible for this purpose. However; micro financing projects did not reach all who were intended to benefit from them. That the support for projects was based on donations was operative. The trust the project manager creates on the individuals who apply for credit increases the amount of credit applied for, hence making the project successful.

Suggested Citation

  • Betül GUR, 2012. "Sustainable Development, Corporate Social Responsibility, And The Micro Finance Practices In Turkey," Istanbul Commerce University Journal of Social Sciences, Istanbul Commerce University, vol. 21(1), pages 87-106.
  • Handle: RePEc:icu:journl:v:21:y:2012:i:1:p:87-106
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