Giving Back
ISRAEL Clothing Industry
Another dynamic lady from Israel, who is in the clothing industry needed money to expand her clothing and also stocking gift items and children's clothing. During the repayment process of her previous loan, she gained much knowledge about how to manage her business and finances. Our loan to her helped her to buy new stock that she needed and to expand the various types of merchandise she wanted to obtain. Her business has grown a lot since her initial loan and she was excited to grown even more.
ABOUT ISRAEL
Israel is a country in the Middle East, located at the eastern edge of the Mediterranean Sea. Also officially The State of Israel, is the only Jewish nation in the modern era. Israel is the only country in the world that has succeeded in reviving a dead language and using it as a national language. According to the National Insurance Institute's 2018 data, 21.2% of the Israeli population lives in poverty. These studies indicate that Israel has the highest poverty rate of all developed countries. As if this was not alarming enough, the statistics are even more dreadful when speaking about children living in poverty: 29.6% of the population (almost 1 in every 3 children). The country’s weaknesses are twofold: growing poverty and income inequality.