Warod is a mother of two from central Israel. She has worked for years as a manicurist. Over the last two years, Warod has been working out of her home and developed a good base of customers. Her husband built her a room separate from their home that she is turning into her salon for nail customers.
Warod needs this loan to develop her salon. She needs to purchase a workstation and chairs, closet and shelving, materials and artificial nail supplies and equipment.
Warod wants to see her business develop and expand into providing medical cosmetic treatments.
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%.