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%.
A father, husband, avid reader, blogger, software engineer & wood worker who is known the world over as a man of many interests and to his wife as “an idiot”.