Wupa is a 45-year-old mother of four. She is a licensed educator who worked as a substitute teacher. Since there were no permanent teaching positions available in her area, Wupa decided to open a home-based childcare center. She is expanding the center to provide after-school care as well. Wupa wants to offer pickup and drop off service for the children and to add a sandbox and play area to her backyard.
Wupa needed this loan to purchase material for the backyard and upgrade her car to be able to transport children.
Wupa wants to continue to provide top quality care and double the number of children in her childcare business.
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%.