Nadia is well known for her unique and artistic gifts. Her customers recommended she open a store in the Negev and increase her clientele. There is strong demand for her gifts at birthdays, weddings, births, school events and holidays.
She needed this loan to assist in the costs for preparing the new store. The loan will help in paying for shelving, a refrigerator for chocolate, work tables, publicity and raw materials for the gifts.
Nadia is managing her business with professionalism and determination. She has strong potential to keep expanding. One day she wants to diversify and include specialty occasion dress rentals and jewelry sales.
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%.
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This loan has been fully funded!