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How 1 Man Went From Bankrupt to Business Owner
By Jeff Almond on 2009-11-20 12:35:45
Hamit Gedik had owned two successful businesses previously, but when 3 unfortunate store robberies took place, he lost everything. After his bankruptcy, he applied for credit from a company known as Revenue-Generating Support Projects, then received initiative from the Social Aid and Solidarity Foundation and opened his new business selling sports wear.
With his new found business venture, he wisely decided to move his company into an office building. He borrowed 15,000 Turkish Liras from the foundation and will be repaying his grant in payments after 2 years. The foundation offers 15,000 lira loans to any experienced entrepreneur that can prove they deserve it, by completing a project the foundation offers.
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