Check out some available loans that are similar to this one!
Sofia
Sofia immigrated just four years ago from Russia. Eventually she chose Haifa as her home to thrive both professionally and personally. Sofia has a degree in art and decided to stop working at simple day jobs and start to develop her dream. Sofia is developing a coffee bar studio where she will also provide art lessons and trainings. After helping her friend design and renovate a bar coffee shop, Sofia is now ready to take on her business. Together with her friend she is renovating the bar to include a studio and branch out the business. The location is perfect for such a business and the business has real potential.

Sofia needed this loan to pay for materials for studio renovations, paint, flooring, art supplies and materials needed for private and group lessons.

Sofia is working to develop an art hub where live performances will be available in the evenings, jam sessions, art shows as well as private and group lessons. She is making her dream a reality one phase at a time.

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%.

Tags

About Israel

  • $28,930
    Average annual income
  • 0
    View loans »
    Israel Loans Fundraising
  • $1,247,675
    Funds lent in using Kiva
  • 3.5
    Israel New Shekels (ILS) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $5,750 helped Sofia to pay for materials for studio renovations, paint, flooring, art supplies and materials needed for private and group lessons.
66% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Mar 5, 2014
Currency Exchange Loss:
Possible