Rinat is a 26-year-old mother of two from Beit Shemesh. She is actively participating in a special business incubator program, gaining business-management skills and one-on-one training and coaching. The incubator is subsidized and making it possible for economically challenged women to gain a hand up. Rinat is developing her hair and cosmetics salon. Since she does not have enough room in her home to allocate a work area, she is building a special area in her backyard. Her husband and family are making the actual renovations and building, so Rinat only needs to invest in materials.
Rinat needed this loan to purchase building materials, a hair-washing station, chairs, a treatment table and cosmetic supplies.
Rinat is committed to making her business succeed, with all her personal and historical challenges. She wants to see her salon grow gradually and one day expand to serve clients throughout her city.
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!