Rhonda is a 38-year-old divorced mother of four. She lives and works in the Negev running a daycare for children from 3 months to 3 years of age. Rhonda's business is the main source of income for her family.
Rhonda needed this loan to purchase new carpeting and rugs, mattresses for nap time, games and light renovations. Rhonda now cares for five children. She is working to expand her daycare so she can take care of 10 children and have two part-time assistants.
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%.