Miriam is from Israel’s Negev region in the south. She is a 37-year-old mother of eight. She raises sheep for much-needed extra income for her family.
Miriam needed this loan to purchase additional sheep, food and a covering for her small herd. She wants to continue to raise her sheep and to expand into selling additional dairy products from their milk.
The sheep serve a dual purpose. They create additional income for Miriam’s family and they provide milk and wool.
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%.