Financial Inclusion and Turkey

Abstract

Financial inclusion is the most recent item to be added explicitly to the social inclusion agenda and promotes the need for access among all segments of society to a range of financial services at affordable cost. Small and medium-sized enterprises (SMEs) have played a crucial role in boosting the economy, increasing employment, and creating industries. However, many SMEs in developing economies lack access to loans and lines of credit. With global financial crisis, developing economies have started to promote financial inclusion, especially greater access to financial services for SMEs, as part of their overall strategies for economic and financial development. In this perspective, this study provides a survey of progress on financial inclusion in Turkey on the basis of SMEs. DOI: 10.5901/ajis.2015.v4n1s2p269