Miriam is a 44-year-old single woman from Israel’s Negev region. She is a veteran customer of KIEDF and has been incredibly successful with her business. Miriam is a seamstress who also teaches sewing courses. She works at area community centers and is passing on her significant skill and professionalism to others.
Miriam needs this loan to assist with purchasing two additional sewing machines, an electric cutting machine, four workstation tables and chairs, shelving, sewing supplies and cloth.
Miriam works throughout the Negev and wants to continue and expand her business. One day she hopes to employ her students in her own shop but right now she wants to purchase a car for travel in the region to teach her lessons.
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%.