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Mona
Mona is a 48-year-old mother of four. For several years, she had a small at-home daycare for pre-kindergarten kids. After the children in her neighborhood have grown, there was no need for daycare services. Mona completed a sewing and tailoring course with success and is now using her business knowledge to open a new business activity. Mona creates bridal wear and provides tailoring services. She needs this loan to assist her in purchasing a sewing machine, beading, materials, cloth, shelving and hanging arrangements for dresses. Mona knows she can make her business a success. There is much demand in her area and she will be providing quality services. Right now, she is concentrating on organizing the area for her business and wants to continue so that one day, she will be able to expand into a larger store.

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
  • $1,229,450
    Funds lent in using Kiva
  • 3.5
    Israel New Shekels (ILS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,700 helped Mona to assist in purchasing a sewing machine, beading, materials, cloth, shelving and hanging arrangement for dresses.
52% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible