Kiad is 41 years old and the father of three. He is from Bir Almaksor. Kiad has worked for years as a truck driver, transporting stock and supplies throughout the country. He decided he wanted to secure a decent income for his family and last year he invested in a street cleaning business and purchased a street-cleaning truck. Since then, the municipality has hired him as a street cleaning contractor for ten cleanings a month, which promises a strong income. He is assured a strong start to his business. Kiad continues to work as a truck drives but is working to acquire additional contracts from other cities and villages.
Kiad is requesting a loan to complete his truck payments and begin his business. He hopes one day to be working fulltime in his own street cleaning business.
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%.