NEWSROOM

Tam Finans, one of Turkey's leading finance companies, will offer financing services to farmers after tradesmen and SMEs.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - Tam Finans Tarım will facilitate trade between farmers and dealers selling products and equipment used in agriculture, and will eliminate the financing costs of farmers and the uncertainties of trade. Determining 2022 as the year of "Agriculture", Tam Finans held a workshop with the participation of agricultural product and equipment supplier companies across Turkey and the leading names of the sector. In addition, Tam Finans, sponsoring the Rural Development Symposium held by the Ministry of Agriculture and Forestry on December 15-17, continues to support our farmers.

Stating that they assumed responsibility in the field of agriculture, one of Turkey's most important agendas, Tam Finans Deputy General Manager Hayati Çelikcan said, “Tam Finans is a financial institution with a customer base of more than 130 thousand, mostly tradesmen and SMEs. In 2022, we enter the field of agriculture. We have completed our preparations. We rolled up our sleeves and put on our boots. We will show our difference in this field with product and financing models that will make the life of the farmer and the supplier from whom the farmer receives service easier.”

“IT WILL SAVE THE FARMERS FROM THE EXPENSE AND THEIR TRADE FROM UNCERTAINTY”

Stating that they are preparing for the financing of trade in the agricultural sector, Tam Finans Product and Sales Manager Ceyhun Pekuz said, “Agriculture is a sector with a lot of imported inputs. The upward movement in the exchange rates not only raises the farmer's costs, but also creates uncertainty for the suppliers that supply the farmer with products and equipment. We will be the party that facilitates this trade, eliminates uncertainties and stabilizes costs.”

Pekuz said, “The farmer buys fertilizer, medicine, feed or equipment from the dealer, and gives a bill in return. We take over the receivable for the sale of agricultural products and make the payment to the supplier, which is our customer. Later, when the maturity comes, the farmer makes the payment to us. Thus, the dealer eliminates the exchange rate and collection risk. It does not bear the costs such as pos or account maintenance fee for payment. The farmer knows his account from day one. For such financing, it gets rid of additional fees such as insurance and accesses a simpler and faster financing.”