Faten is a 37-year-old mother of five. She worked as a babysitter from her home in the past and began running a part-time daycare. After discussions with the municipality, she is opening a half day nursery/daycare center for young children. It is a much-needed business in her area, allowing other women the peace of mind regarding childcare while they leave home for work.
Faten has taken this loan to complete renovations and purchase toys and supplies for her daycare.
In January, she will open the daycare center for five young children. In the future, Faten wants to provide a full day nursery running until 5pm.
Due to reasons of modesty, Faten's husband is pictured at the location currently being remodeled for the daycare.
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%.