Rema is a divorced mother of two who immigrated to Israel from the FSVU. Rema came to Israel educated and prepared to succeed but job possibilities were slim. She decided to use her business acumen and start a small microenterprise. She began small and has created a stable microbusiness. She's been running a small clothing store in the city of Ashkelon since the end of 2009. Rema is now prepared to further strengthen her business and create much needed additional income.
She took this loan to expand her inventory, increase the amount of clothes she has to sell and prepare for the upcoming summer months.
Rema enjoys her business and is proud how it is developing. She wants to see it expand further and dreams of one day opening a small chain of stores that sell clothes from Turkish and Israeli suppliers.
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%.