Manal is a 34-year-old mother from Kfar Kanaa in northern Israel where she and her family have a gift shop. Manal knew her business needed to expand and diversify. After taking business development courses at her local small business association, she decided to utilize the skills she had gained in art and flowers and add flower arrangements and decorating to the shop.
Manal needed this loan to purchase a refrigerator for the arrangements, a gate for her store, additional signage, equipment and supplies for the arrangements.
Manal wants to continue and strengthen her business, ultimately ensuring a healthy income for her family.
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%.