Wudad is a 40-year-old mother of seven who was born and raised in the Negev region. For many women in her area who want to work, finding childcare is a real challenge. Wudad decided to open a business and provide daycare for children from the area, including educational activities. The parents and children are thrilled with her care.
Wudad needed this loan to improve the conditions of her daycare and purchase additional supplies.
In the future Wudad wants to see her business expand and encourage other women from her area to open quality education centers.
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%.