Hitam lives in northern Israel. Several years ago she began a bottle recycling business with family members. Hitam has decided to take her business and expand its ability to meet the demand in her village. Area restaurants, educational institutions and residents use her recycling services. With the extra income she will ensure economic security.
She needed this loan to purchase equipment for her storage shed and to have cash flow for business expenses.
In the future Hitam wants to develop her business so her monthly turnover will provide a secure income and enable her to save for the future.
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%.