New Kiva Loan: Nicola from Israel

February 20, 2016
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Nicola is a former educator and the mother of four grown children. She decided to open her ‎own business selling jewelry and handbags in her village when it was time to retire. She ‎knew she and her husband could not live on their pensions, nor was she ready to just sit ‎at home.She decided to take business management courses at her local SBA and ‎take her unique style and taste to open her store. She gained a good customer base due ‎to the high-quality products. Now it is time to expand her products and refresh her store.‎Nicola decided to add new products to her store and needed this loan for a line of ‎household linens, sheets, towels and blankets, as well as a new, upgraded display ‎window, closets and shelving.‎Nicola wants to keep making sure she can provide a decent income and build a new ‎house, as her children have grown.‎

More information about this loanKIEDF 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%.

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