Adui runs a daycare center. She has taken child care classes and has experience in the educational field. Adui is determined to make a decent income and not always struggle at a minimum wage job. Her daycare allows her to provide top quality care and develop a business. She needs to move the daycare into a section of her house which has a separate entrance and will allow for privacy and a secure environment for the children in her care. In order make this move, Adui needed to secure certain areas and renovate her daycare.
She needed this loan to assist with paying for renovations and a separate entrance to her daycare.
Adui is determined to keep her successful daycare up and running. She wants to ensure a steady and secure 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%.