Hannan is a 23-year-old woman who never finished high school but is determined to create a better future. She learned to raise animals and has now opened a business raising sheep. She buys baby ewes, raises healthy sheep and resells them at a good profit.
She took this loan to purchase additional sheep and ewes.
Hannan wants to see her business activity expand and eventually begin selling meat.
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%.