Kazita, a 39-year-old mother of three, is from the northern village of Reineh. She began working in insurance sales while she was still studying for her degree. In March she opened her insurance office and serves clients from her village and the surrounding area. There are no other insurance offices in her village so her client base is growing steadily.
Kazita needed this loan to purchase office equipment, a computer, a printer-fax-scanner & furniture.
In the future Kazita wants to continue to expand and bring on additional sales staff and create a thriving, profitable insurance company.
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%.