Zizpon is part of a solidarity group in Israel’s Negev region. She opened a cosmetics business in her village. Zizpon is a young mother of three. She has taken the time to gain skills, learn techniques, and build her business slowly. She is working with her loan officer and solidarity group, taking smart steps to create a strong activity that will assure income for her family.
She needs this loan for supplies and very small renovations.
Zizpon is working to develop her business activity, have it grow, and continue to provide income for her family. She is saving the extra profits for her children’s needs and education.
This loan is special because:
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About Koret Israel Economic Development Funds (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%.