Rifka is a 40-year-old mother of five from the Negev, determined to make a better future for her family and herself. After taking courses and gaining experience in developing a business activity, Rifka began raising sheep both for resale and to make cheese from their milk. Rifka and her family are enjoying increased monthly income thanks to her business. Rifka needed to purchase additional sheep to take advantage of the upcoming holidays.
Rifka needed this loan to purchase more sheep and enable her business’s expansion.
In the future Rifka wants to further expand her business and develop additional cheeses from her sheep’s milk.
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%.