Rena is a 21-year-old mother of two. She recently completed the Social Services Day Care Training Course and has been certified to open her day care for this school year. She prepared a place in her home for the child care but needed to develop an outside play area for the children and infants. In Rena's area, there are no other home-based day care centers and one is sorely needed.
Rena needed this loan to create a sandbox play area and to purchase toys, play sets, shelves, cots and other supplies. Rena wants to establish her day care and keep it running professionally while creating a loving environment for the children.
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%.