Feruz is from Israel’s Negev region. Both her son and husband are battling long-term illnesses and Feruz has taken on the responsibility of making sure her family has enough income to provide for themselves. She has opened a store from her home selling women’s clothing, sheets, blankets, rugs, and household items. The business is doing well.
Feruz needs this loan to pay for stock, like clothing, bedding, rugs, and specialty supplies in demand.
Feruz wants to provide for her family and one day, when her store expands more, move to a location outside of her home.
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%.