Her first step was renovating the ground-level floor below where she lives and she has built a kitchen and flower display hall. Rahav has combined special event flowers and desserts with everyday arrangements and products to draw a variety of customers. While Rahav does have competition from flower businesses and bakeries, no other business combines the two. This combination is working to draw special events and steady customers.
Rahav needed this loan to assist in purchasing a refrigerator for desserts, a special refrigerator for flowers and arrangements, materials for decorations and arrangements, shelving, and advertising.
Rahav has the will, talent, and knowledge to succeed. This loan is helping her make her dream a reality. One day she wants to open a flower and dessert gallery in a main mall in her area. A new mall is being developed and will open next year. Rahav is already making plans and working to save money.
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!