Susan is a 43 year old mother of four. After finishing high school she took different training courses, such as book keeping, to improve her employment possibilities. After working many years at jobs that simply did not allow her to earn a decent wage, she opened her small photocopying and gifts shop. She is now expanding her business to include digital photos printed on shirts, coffee mugs, other gift items and copying services.
Susan needed this loan to purchase a photo printer for printing on shirts, mugs, pillows and other items; digital copier; stock of gift supplies and for advertising.
Susan's store has good possibilities with this expansion. She looks forward to earning a decent wage, saving money and sending her four children to study at university.
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%.