Miriam is a mother of seven from southern Israel. She left school after the tenth grade, but she has found a niche where she is succeeding, selling jewelry in her area. She sells by individual orders and has slowly built a steady stream of customers.
Miram needs this loan to purchase silver settings and additional stock. She wants to expand her business and reach more customers.
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%.