Samar is a 46-year-old mother of four from the Negev in Israel’s southern region. She raises sheep for sale which brings much needed income to her family. Sales are seasonal, with high demand during holidays. During this time of year, Samar must invest in increasing the number of sheep she has to be prepared for the seasonal demand in the future. Samar buys ewes and small sheep to raise and makes a profit after she raises them for resale.
Samar needed this loan to purchase additional sheep and feed for the animals.
In the future, Samar wants to see her business continue and expand but most importantly, ensure her children gain an education.
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%.