Iman is a 34 year old mother with a high school education. For some time Iman has been unemployed and decided, with training and assistance, to open her own business. She learned to sew and has begun to assist family and friends with seamstress service. Now as she wants to provide better for herself and her child she has turned her skill into a business activity to increase her household's monthly income.
Iman needed this loan to purchase cloth and a sewing machine. The loan is assisting her in developing her business and increasing her earnings.
Iman wants in the future to improve her design skills. She wants one day to sell her own dress designs and products.
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%.