Kaida is a divorced mother of six who works from home as a seamstress. Her business is doing well enough that she employs another seamstress. They work from her home in the kitchen or salon. Kiada's services are in high demand and she has expanded and created a separate room for her business.
The loan is needed to organize the room, renovate and ensure an orderly and conducive work environment.
Kaida wants to continue expanding her business. Over the next few years she wants to hire additional staff, purchase needed equipment and continue to successfully manage her business, ensuring a strong future for her 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%.