Sahar is a 31-year-old mother of five from the Negev in southern Israel. She has an after-school and daycare center in her village. She provides excellent care, a loving environment and educational activities for the children in her care.
Sahar is requesting this loan to purchase new toys, kitchen equipment, tables and chairs.
In the future, Sahar wants to further expand her childcare business, create a more open area and update her kitchen.
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%.