Total loan: $3,875
Nazereth, North District, Israel / Retail
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A loan helped to purchase paper products and cleaning supply stock.
Sahaara and her husband worked together to develop their business. After her husband was disabled, Sahaara was determined they would not have to survive only on meager disability insurance. She was determined to develop an income and ensure a secure future for her family. Sahaara is a trained bookkeeper and understands financial management. She and her husband decided to open a paper products and house-cleaning supply store. In their city, the municipality invested in reinvigorating the souk – open air market – giving incentives for businesses to open there. Sahaara did just that and was able to develop a popular business. At first, she had no competition, but with her success, rival stores also opened in the souk and nearby area. Sahaara knew she needed to strengthen her business and diversify her products. One step she has taken is to improve her stock and create a good niche, in demand with area customers. Sahaara made an agreement with her suppliers in terms of stock: if she purchased in advance with up front payments, she would be afforded a discount, thus increasing her products. Sahaara took this loan for paper products and cleaning supply stocks. The opportunity will increase her business income and afford her product exclusivity in the market. Sahaara wants to continue with her business, ensuring a decent income for her family She and her husband are building a good future for their children and not letting setbacks stall them, but instead taking advantage of opportunities.