Not all Bedouins in Israel have access to the electricity grid and many depend on diesel-fueled generators for their electricity needs. This loan provides this borrower with access to a solar-powered generator, positively impacting both the borrower's home and the environment.
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This loan is part of the Solar Energy for the Bedouin (SEB) project, a collaboration between KIEDF, Planet Finance and Interdan Solar Ltd., Israel's oldest photovoltaic solar company. The SEB project aims to improve the living conditions of the Bedouin population by providing them with access to renewable, clean and cost-effective energy solutions through microfinance and carbon offset credits.
About KIEDF: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%.
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Success!! The loan was 100% repaid