Gadir is a 35-year-old mother of two from Haifa. She has both training and experience in child care. Gadir decided it was time to take her future in her hands and decided to open a daycare in her home. She registered through her municipality and is now able to receive children and their monthly fee directly from the municipality.
Gadir has an excellent reputation in her area for creating a warm, loving environment for the children. In order to open her daycare, Gadir needed to make renovations to the rooms she would use.
She needed this loan to renovate & paint and purchase safety bars, carpets, toys and equipment.
Gadir wants to see her daycare grow and thrive, creating a secure and nurturing environment for children in her care.
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%.