Yaffa is a 24-year-old mother of four. She is a trained child minder and opened her at-home daycare last year. Yaffa has created a warm environment for the children in her care but she needs additional equipment.
Yaffa needs this loan to purchase a table, chairs, mattresses, toys & games, a first aid kit and supplies.
Yaffa wants to continue and expand her daycare and ensure a steady number of children 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%.