10 Billion TL Circular Economy Financing from Vakıfbank and Zero Waste Foundation
With the cooperation of Vakıfbank and the Zero Waste Foundation, a financing package with a volume of 10 billion TL has been implemented to support the transition of companies and public institutions to the circular economy.
Vakıfbank has launched the Circular Value Financing Package, in cooperation with the Zero Waste Foundation, to support companies and public institutions in transitioning to the circular economy in line with Turkey's sustainable development goals.
Financing Support for the Circular Economy
Vakıfbank has taken a significant step by adding new financing solutions to those supporting Turkey's sustainable development goals.
The bank aims to accelerate the transition of companies and public institutions to the circular economy in cooperation with the Zero Waste Foundation.
Target Number of Institutions and Volume
Within the scope of this strategic cooperation, financing will be provided in many areas ranging from resource efficiency and recycling to reuse and the transformation of production processes.
With the prepared package, it is targeted to reach over 500 institutions and projects in the first phase, creating a total financing volume of 10 billion TL.
Comprehensive Financing Solutions
The Zero Waste and Circular Economy Financing Package aims to enable businesses to access solutions tailored to the nature and scale of their investments.
Within the scope of the package, maturities of up to 60 months and up to 50 million TL are offered for investment loans.
Large-Scale Projects and SME Support
Financing opportunities of up to 120 months for large-scale project financing and up to 24 months and up to 10 million TL for working capital needs are provided.
Additionally, access to finance for SMEs in their circular transformation investments is strengthened with a 3 billion TL KGF guarantee support.