Manal is a 37-year-old mother of five from Yafiya, near Nazareth. Manal is a determined, dedicated woman who works to ensure her family has a strong future. Last year, she began cutting and styling hair and with the help of her husband, her business activity has expanded and grown. In order to expand and develop her business into a steady income, Manal is renovating an area and upgrading her services.
She needed this loan to assist with paying for renovations & remodeling of her salon, bathroom fixtures and upgrades, an air conditioner, a solar water heater, flooring, cosmetic supplies & treatments.
Manal wants to see her business serve women from her village and the surrounding area. She wants to continue to invest her time and energy into the development of a successful salon.
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%.