RATE Group | NGO reshapes microfinance via blockchain
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NGO reshapes microfinance via blockchain

17 Aug NGO reshapes microfinance via blockchain

Posted at 15:55h in Cryptocurrency News by

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ANKARA- Anadolu Agency

NGO reshapes microfinance via blockchain

A Turkish NGO is set to use blockchain technology to enable entrepreneurs to get funded by social investors anywhere in the world, the head of the foundation said on Aug. 16.

In an exclusive interview with Anadolu Agency, Aziz Akgül, the head of Turkish Foundation for Waste Reduction (TİSVA), said blockchain-based microfinance is inevitable not only for the future of Turkey but also for the entire world.

“We want to give microcredit to 3.5 million people by employing cryptocurrency and e-marketplace in Turkey by 2030,” he added.

The main target of TİSVA – which oversees the Turkish Grameen Microfinance Program (TGMP) – in launching such a project is to solve the problems of global microcredit community in finding financial sources for the poor.

Turkish Grameen Microfinance Program is a non-profit economic foundation offering “microcredit” services to help reduce poverty in Turkey, according to their website.

“TGMP came up with the…

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