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Rema
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.

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
  • $1,290,375
    Funds lent in using Kiva
  • 3.4
    Israel New Shekels (ILS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Rema to expand her inventory to prepare for sales in the summer months.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jul 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013