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Hanin
Hanin is a 28-year-old business owner from northern Israel. She opened a nail salon in her home. After her business grew, customer demand could not be met and she decided to renovate the area under her home for a larger treatment area. Hanin’s sister, who owns a successful hair salon in another village, has helped Hanin learn and advertise her business. Hanin has been quite successful and her business shows her good potential.

Hanin needed his loan to assist with renovation costs and materials. She used it to assist in renovating which included redoing the electricity, as well as purchasing light fixtures, a work table and chairs, paint, flooring, an air conditioner, the door, signage, fixtures and manicure materials.

Hanin wants to continue and see her nail salon grow, develop and expand. Hanin has support from her family, who believe in her and want to see her succeed. She wants to see her family grow as well and step, by step, create a successful 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
  • 0
    View loans »
    Israel Loans Fundraising
  • $1,255,050
    Funds lent in using Kiva
  • 3.6
    Israel New Shekels (ILS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,500 helped Hanin to assist with renovation costs and materials.
59% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible