Darin is a young woman from village of Reineh in northern Israel. She holds a computer engineering degree. While Darin worked in her field she found it extremely difficult to find an adequate and worthy position in Reineh or surrounding area. She decided she did not want to leave her village, home and family to relocate for a position in central Israel. Reineh decided to utilize her degree on the side by giving private training courses and at the same time develop a steady income through opening a business. In 2008 she opened a shoe and gift shop. Over the last two years Darin decided to remodel her store and focus on gifts while expanding into scarves, accessories and religious clothing. These items have year-wide demand as opposed to seasonal.
Darin needed this loan to purchase stock and build new shelving for her store.
Over the next few years Darin wants to continue to expand her business, hire staff and bring in area clients who now purchase in stores outside of the village. She sees her business becoming the store of choice for women from her village and the surrounding area.
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%.