Fatma is a 32-year-old woman from Israel's Negev region. She is the mother of 6 children and is divorced from their father but works to ensure they have a strong future. Fatma has a tent for entertaining that is used as an event venue throughout the region, for both Bedouin and Jewish holidays and special events. Over the last year she hosted bachelor and bachelorette parties, Passover celebrations, Muslim holiday parties, birthday celebrations and family gatherings.
Fatma needed this loan to redo the floor, put down concrete and to update the tent arrangements. She put in an equal amount of her own money to match the loan.
Fatma wants to create a better future for her children and ensure they receive an education. For her business she wants to continue and raise the professionalism and quality of the business for years to come.
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%.