Sanaa is a 25 year old mother of three from the Negev. Sanaa decided to focus on gaining skills and took childcare courses through the Social Services Department. She has gained certification to manage a daycare. Sanaa found an appealing location to open her daycare but needed to make renovations before she began caring for children.
Sanaa took this loan to pay for renovations, purchase toys, equipment and playground sand.
Sanaa is focused on opening her daycare and wants to manage it with success. She wants to ensure her children are educated and create a secure future for them.
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%.