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Mona
Mona is a 37-year-old mother of five from northern Israel. Last year she opened her store for linens, pajamas and undergarments. Mona is known for her excellent taste, and her customers appreciate her products and the choices she offers. Her store is located on the ground level underneath her home. She needs to make some small renovations to expand her business.

Mona needs this loan for renovations, to purchase a display window, and new stock.

Mona is known for her tasteful products and fair prices. Her store has a convenient location which attracts customers. She wants to see her business grow, and one day dreams of also offering interior design services.

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
  • 4
    View loans »
    Israel Loans Fundraising
  • $1,268,800
    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 $2,325 helped Mona to pay for renovations, a display window, and new stock.
63% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible