Arin is a 27-year-old mother of two. She lives in northern Israel and runs a small daycare center in the village where she lives. Arin was trained and worked as a teacher's aide in special education but she wanted to take her love of children and education and apply it to small children. Arin decided to open up her daycare center and worked with the municipality to meet standards and gain approval to be a municipal day care. The children and payment come from the municipality so she has a promised income each month. Arin has gained an excellent reputation in her village among the parents who appreciate her care and respect of their children. Arin has also taken steps to develop a relationship between the parents so the children become a strong group during the time they are under her care.
Arin needed this loan for supplies and to order stock and prepare her daycare. With this loan, she is assured her daycare has access to the needed supplies.
In the future Arin wants to expand her daycare, hire staff and take on the care of more children.
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%.