Sahar is a 40-year-old mother of 11 children. She is a skilled seamstress who began selling children's clothes and making a living for herself and her family. Since Sahar opened her store a year and a half ago she has sold children's clothes and gained a strong clientele.
With the loan, Sahar will expand to women's clothing as well. There is a high demand with the holidays and this stock could ensure important income. One day Sahar wants to expand into men's clothing and become one-stop shopping for the entire family. In the future she wants to branch out into other items such as shoes and accessories. Sahar is developing a steady income with her business and has gained the respect and support of her husband and family.
Koret Israel Economic Development Funds (KIEDF) launched its direct lending program, SAWA, in 2006 to help low-income and unemployed populations within Israel create independent income-generating activities. SAWA currently serves Bedouin women in the Negev, Arab Israeli women in northern Israel and Jewish Israeli women. SAWA loans support a wide variety of small business types including consumer goods sales, grocery stores, animal raising, hairdressing, sewing, and day care. SAWA continues to grow and serve new populations while maintaining a loss rate of less than 3%.