Check out some available loans that are similar to this one!
Shenhav
Shenhav is a 36-year-old mother of seven from the Negev region. For years, she and her family have scraped by on welfare struggling to move out of poverty. After taking part in a business development course and researching what type of businesses area residents want and are lacking, Shenhav decided to open a cleaning supplies, paper and plastics products store. Disposable plates, cups and party supplies are in high demand during holiday and wedding seasons. Shenhav has a perfect location close to her home which includes a separate room with its own entrance.

Shenhav needed this loan for renovations to the store; for plaster, paint, windows and additional stock. Shenhav is putting in 50% of her own money and 50% from the loan.

Shenhav dreams of strengthening her business even further, but most of all, she wants to provide a better future for her children and continue to move out of the cycle of poverty.

Additional Information

About KIEDF:

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%.

About Israel

  • $36,200
    Average annual income
  • 0
    View loans »
    Israel Loans Fundraising
  • $1,314,650
    Funds lent in using Kiva
  • 3.5
    Israel New Shekels (ILS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Shenhav to make renovations to the store and to purchase additional stock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013