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Soar
Soar is the mother of six children and is from the Negev region. She has been selling products and working with KIEDF to develop her microenterprise. Recently, her husband became ill, and they are working to ensure her business brings in a strong income. Soar has expanded to selling shoes for all ages. With the new season coming up, she needs to renew her stock.


Soar needed this loan to assist with paying for a stock of summer shoes for all ages and rent for her booth in the Shuk, an open air market.


Soar wants to make sure she provides a strong education for her children. One day she wants to include clothing products and other specialty items in her business.

Additional Information

More information about this loan

KIEDF targets some of the most marginalized groups and areas in Israel with its microfinance services, specifically working with Bedouins, Haredi women, and Israeli-Ethiopians. By contributing to this loan, you are supporting a borrower who otherwise would have very limited access to financial services. 

About KIEDF:

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%.

About Israel

  • $28,930
    Average annual income
  • 6
    View loans »
    Israel Loans Fundraising
  • $1,268,800
    Funds lent in using Kiva
  • 3.6
    Israel New Shekels (ILS) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,150 helped Soar to pay for a stock of summer shoes for all ages and rent for her booth in the Shuk, an open air market.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014