Aliya manages a daycare for five children. Over the last several years, her daycare has gained an excellent reputation and is in high demand. It is always full well before the school year begins.
Aliya needs to make changes to the daycare and is preparing for expansion in the future. One area where the children play is on a large balcony and she needs to replace the railing for safety reasons. In addition, she needs to add an air conditioner for the indoor play area and nap room.
Aliya loves caring for young children and provides a warm, loving environment. Aliya wants to expand her business, hire an assistant and take on ten kids rather than just five. She sees her daycare meeting the needs of the area in the future, as opposed to having to turn away young children because there is no room.
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%.