Shok is a 19-year-old bachelorette from Kfar Kanaaa. In June, she opened a centrally located clothing boutique. The boutique serves Kfar Kanaa, Nazareth and the surrounding villages. Shok has focused her stock on the 15 to 45-year-old age group providing up-to-date styles. She has already gained a strong clientele.
Shok needs this loan to purchase additional stock and specialty wear for the holiday season.
Shok wants to continue to expand her store, gain business experience and one day have staff who assist her in creating an exclusive clothing boutique.
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%.