Rim is a young mother from Israel’s Negev region. After finishing high school she began studying at the Engineering and Physics College. When she became pregnant, Rim decided she was unable to dedicate the time needed to her studies and began looking for other options that allowed her to raise her child and continue to move forward. Rim opened a small clothing store at her local mall that caters to the entire family. She has already seen success. Over the last year she has grown and gained a good client base.
Rim needs this loan to acquire inventory and expand her merchandise selections.
Rim is an intelligent and determined young women who knows she can create a strong life for herself and her family. She is dedicated to seeing her business succeed and is planning on opening another branch of her store in a nearby town. Rim is on the path to growth and is taking each step in a well planned and prepared manner.
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%.