French Development Institution (Proparco)

Tailored solutions for your business...

French Development Institution (Proparco) Cooperation Package

French Development Institution Proparco (Société De Promotion Et De Participation Pour La Coopération Economique S.A.) has signed its first credit agreement in Turkey with Finansbank.

Upon successful placement of credits worth 20 million Euros, the first tranche of the credit facility that has been made available within the framework of the agreement, a second tranche worth another 20 million Euros has been provided to help meet the long-term financing needs of small and medium size enterprises operating in Turkey.

This agreement allows businesses to receive a loan with a maturity of up to 5 years for their long-term investments, on a project basis. They can also take advantage of the grace period, which is ¼ of the length of maturity, before they start repaying the principal.